Solar PV Pays for Itself on California Homes

Date: 3 May 2011 | posted in: Energy, Energy Self Reliant States | 0 Facebooktwittergoogle_plusredditpinterestmail

For many improvements (e.g. kitchen, bath), you can capture a significant fraction of the value back when you sell your home.  For solar PV, you can get it all back:

This premium sales price was slightly higher than the installation cost, the study determined: “These average sales price premiums appear to be comparable to the investment that homeowners have made to install PV systems in California, which from 2001 through 2009 averaged approximately $5 per DC watt… homeowners with PV also benefit from electricity cost savings after PV system installation and prior to home sale.” [emphasis added]

As the article goes on to illustrate, the homeowner also receives the free electricity from the PV system. 

Go solar: it’s one heck of a money back guarantee!

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John Farrell

John Farrell directs the Energy Democracy initiative at the Institute for Local Self-Reliance and he develops tools that allow communities to take charge of their energy future, and pursue the maximum economic benefits of the transition to 100% renewable power.