Your Solar and Your Home/Business

As long-term assets in themselves, residential and commercial solar systems have been proven to increase the value of your other long-term assets, namely your home or business. In an extensive study conducted in 2015, Lawrence Berkeley National Laboratory captured a picture of the value that solar photovoltaic (PV) systems add to home sales transactions.

 
Vedder Ranch Aerial Picture.jpg
 

The report took into account nearly 23,000 homes located in eight states from 2002-2013. About 4,000 of these homes contained PV systems. The results of the study can be summed up in a couple of key takeaways.

  1. Across the board, home buyers paid "PV Home Premiums" equivalent to about $4/kW
  2. This means that a standard 3.6kW (12 panel) system appreciated a home's value by about $15,000 on average

To further boil down these findings, financial returns from owning a PV system are directly correlated with a property's value. When you choose to go solar, you effectively increase the value of your existing long-term assets.