A report entitled, “An Analysis of the Effects of Residential Photovoltaic Energy Systems on Home Sales Prices in California.” has recently been published.
The study analyzed nearly 2,000 homes in California that have sold with PV installed. Research found strong evidence that California homes with PV systems have sold for a premium over comparable homes without PV.
Some of their key findings include:
- The average home sales price increases from $3.9 to $6.4 per installed watt (DC) of PV. This translates into $39,000 to $64,000 based on a 10Kw system.
- The averages appear to be comparable to the investment homeowners have made to install PV systems.
“This is a sizable effect,” says co-author and Staff Scientist Ryan Wiser of Berkeley Lab. “This research might influence the decisions of homeowners considering installing a PV system and of home buyers considering buying a home with PV already installed. Even new home builders that are contemplating PV as a component of their homes can benefit from this research.”
