Sure, they save you money on electricity and give you lots of green karma, but what good are your solar panels when you sell your house?
According to the U.S. Office of Energy Efficiency & Renewable Energy, recent tracking of home sales indicates that solar homes sell twice as fast. That’s because 91% of home buyers in California say energy efficiency is an important consideration, and 81% understand that a home solar system will lower their electric bills. (We’re working to make that 81% grow to 100%).
But wait, there’s more: For every dollar in annual utility bill savings, your solar home’s value increases by $20. So let’s say you’re a typical Sungevity customer with a home worth $300,000 who saves $800 a year on electricity….Bam! Your home is suddenly worth $16,000 more (a 5.3% increase in value) and you’ve recouped the out-of-pocket (post-rebate) cost of installing the system. I vowed to stop using the expression “no brainer” because, in the political arena, it seems to to coincide with “non-starter”, but how else to characterize a homeowner’s decision to go solar when the math is so clear.
Heads up realtors: Download this snazzy GoSolar brochure to help persuade your home buying clients to invest in solar.