The World's #1 Renewable Energy Network for News, Information, and Companies.
Untitled Document

House Resale Value Rises with Solar Installations

I have been looking into adding solar panels to my house. I would like to for the environmental benefits, but I know that my wife is concerned about what this will do to the property value of our house. Do you know if there is anywhere that shows concrete evidence as to how solar panels affect the resale value of your home? I am sure that if there is solid evidence that solar panels increase a home's value that this would be a great selling point, not only to my wife, but for anyone. Kyle G - Vancouver, WA

Kyle, the answer to your query, frankly, includes regions of the country, quality of installation, and knowledge of realtors and appraisers -- among other issues. Generally in areas where there are concentrations of solar water heating and photovoltaic installations, such as in Arizona, California, New Jersey and Florida, housing prices with solar installations have been rising as quickly as homes without these systems - and in some cases bringing even higher prices for home resale. This especially is true in areas of the countries experiencing a high number of electric outages or utility rate increases. In, Andrew J. Black's American Solar Energy Society paper presented at the Solar 2004 conference in July 2004, he reports, "These monetary benefits are financially quantifiable. A solar electric system increases home value by $20,000 for each $1,000 in annual reduced operating costs, according to The Appraisal Institute. A solar electric system compares very favorably with other home improvements in percentage of cost recovered. Often, a solar system can recover much more than 100% of its cost, and this percentage actually increases overtime as electric rates rise." The Appraisal Institute located in Chicago ( publishes reports for home appraisers since they must be able to support the conclusions and explain their evaluation process clearly -- and it is these professionals that impact resale costs for housing. But as Joel Gordes of Environmental Energy Solutions, CT states, " ... bad looking PV installations could be a disincentive for others to buy homes..." High quality installations taking into account aesthetic aspects in every detail from piping and wiring runs, color homogenization of exposed system components -- play a huge part in resale value. In areas where appraisers and realtors have little experience with solar and the home market is poorly saturated, solar installations have dampened resale values a slight bit. But overall, with extremely high natural gas prices and ever increasing electric utility rates coupled with increased experiences of poor electric power reliability and quality - solar installations on homes, if done professionally, significantly increase the home's value -- and that is why many states actually exempt that increase in value from local tax assessments -- as a way to encourage solar even though it will increase the home's base tax assessment. Scott Sklar
Untitled Document

Get All the Renewable Energy World News Delivered to Your Inbox - FREE!

Subscribe to Renewable Energy World Magazine and our award-winning e-Newsletter to stay up to date on current news and industry trends.

 Subscribe Now



A Case Study in Energy-Transition Momentum

Tim King South Australia is clearly at the forefront of the global energy transition as it establishes a fast-moving model oth...

Listen Up: Can I Get Solar if my Roof is Shaded?

The Energy Show on Renewable Energy World Rooftop solar panels only work when they are in direct sunlight. So if you have a partially shaded roof, the output o...

US Senate Democrats Unveil Energy Bill That Restores PTC and Extends ITC

Brian Eckhouse, Bloomberg Senate Democrats unveiled a bill that would provide more tax credits for renewable energy while killing some tax ince...

US, China Solar PV Players Team Up, Invest $100M in Chile, Uruguay and Japan

Andrew Burger Private equity infrastructure specialist Hudson Clean Energy Partners and Hong Kong-based independent power producer ...


Array Technologies Finalizes Shipments to E.ON’s Maricopa West Solar Project

Array Technologies, Inc. (ATI) has completed DuraTrack® HZ shipments to the 20 MW (ac) ...

B.C. Energy Minister to provide keynote at renewables for mines summit.

BC Minister of Energy and Mines to address the challenges of providing alternative powe...

Mining leaders seek renewables solutions at Toronto Summit

The global mining sector is facing a tough business environment with low commodity pric...

American Renewable Energy Institute Gears Up for 12th Annual Summit

"Racing Climate Change: Green Bridge with China, The Road to Paris” is the theme of th...


New Mexico Attracts Jobs and Revenues with Renewable Energy Tax Credit

New Mexico has abundant fossil fuel resources: in 2013, it ranked sixth in the nation for crude oil production, seven...

The Vice President Stole My Show (Not Really)

When I finished my Solar Power International (SPI) panel discussing what future opportunities the panelists saw in so...

The Value Of The Building

If you’re selling efficiency solutions in the built environment, you may find yourself being asked by your pros...

Sewage provides energy through processing

Many nations are investing in new technology to turn sewage waste into usable energy. Japan has recently revised its ...


Scott, founder and president of The Stella Group, Ltd., in Washington, DC, is the Chair of the Steering Committee of the Sustainable Energy Coalition and serves on the Business Council for Sustainable Energy, and The Solar Foundation. The Stella G...


Volume 18, Issue 4


To register for our free
e-Newsletters, subscribe today:


Tweet the Editors! @jennrunyon



Successfully Integrating Solar: A Proactive Approach

•      What does the increasing solar penetrati...

Solar Power Asset Management and Performance

SEIA and SEPA collaborated with industry leaders to present the first ev...

Solar Power Northeast

  From the team that produced Solar Power Southeast and the sol...


Join us at the New Solar Power Northeast

From the team that produced Solar Power Southeast and the sold out P...

Saving Vs. Gaining

Whenever I do a national keynote speech or customized coaching session f...

SPI Brings Out The Best In Solar

Phew…...those cross-country flights sure take a lot out of a guy....


Renewable Energy: Subscribe Now

Solar Energy: Subscribe Now

Wind Energy: Subscribe Now

Geothermal Energy: Subscribe Now

Bioenergy: Subscribe Now