The summer heat is here early! Buy a solar panel system and reduce or eliminate your air conditioning bill, in fact your whole electricity cost! In addition you can add amazing value to your home in a time when home values are at near record lows.
According to the experts, energy saving measures can add $20 of home value for every $1 of energy you save. This according to a study by IFC (funded by HUD and the EPA) and reported by Wells Fargo.
Here’s another residential industry voice, the Appraisal institute: “Estimated increase in home value based on a study from The Appraisal Institute states that the selling price of homes increased by $20.73 for every $1 decrease in annual electric bills. A typical 4kWp system estimates a savings of approximately $1,335 in annual energy costs, equaling an increased value of your home by $27,700.”
Or from the Solar Santa Monica program, “According to The Appraisal Institute, the immediate increase in your home’s appraisal value is $31,273 or 99% of the system net cost. This for a residential 3.2 kWh system.”