How does a Solar Electrical System increase my homes value?
A solar electric system can increase your homes value by reducing operating costs. The Appraisal institute published a study in their Appraisal Journal that stated that if a homes operating costs can be reduced through an energy efficiency measure, those savings have a tangible connection to increasing the homes value. The rationale is that instead of paying the utility, a future buyer could take a larger mortgage and instead pay the bank and their operating costs would be unchanged. The article established that a homes resale value increases $20 for every $1 in saved operating costs. For more detailed information check out the Appraisal Journal article. A homes annual savings of $3,000 translates into an increased resale value of $60,000.
