Capturing the value that solar photovoltaic (PV) systems may add to home sales transactions is increasingly important. This study enhances the PV-home-valuation literature by more than doubling the number of PV home sales analyzed (22,822 homes in total, 3,951 of which are PV) and examining transactions in eight states that span the years 2002–2013.
Smart Market Report - Green Multifamily and Single Family Homes.pdfMcGraw Hill Construction builds on their previous study with this new report which finds that green building is taking an ever increasing share of construction within the new construction of single and multi-family homes as well as remodeling projects. Here are some key takeaways:
A new study from Lawrence Berkeley National Laboratory finds that homes in California with rooftop solar installations sell for higher prices than comparable homes without solar. The authors find that the value of homes increases by $5,900 for every kW of solar installed, though this premium decreases by 9% per year of system age.