Home Solar Value: Analyzing 15 U.S. Cities


| 11/16/2015 10:45:00 AM


Tags: solar power, home energy, solar financing, cities, Vikram Aggarwal, Massachusetts,

Title: Solar Value in 15 Cities

Going solar is a long-term investment. Discussions about solar value are often limited to avoiding electricity costs, and oftentimes neglect the additional market value that these “mini power plants” can add to your home.

The good news is that installing solar panels on your roof not only defrays your electricity costs, but also can increase your property value. In fact, in some markets, the income value of a solar PV system is actually higher than the cost of the system new. EnergySage and Sandia National Laboratories conducted an analysis that uses the income value approach to estimate solar market values in 15 cities across the United States. We used the PV Value® tool, an online calculator developed by Energy Sense Finance that allows real estate appraisers and other industry professionals to determine the market value of solar energy systems. The results are remarkable. 

 

Table: Solar Value in 15 Cities

For details on the approach used for this analysis, please review our Key Assumptions and Data Analysis document.




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