Homes with Solar Sell Faster, and For More

Date: 29 Oct 2010 | posted in: Energy, Energy Self Reliant States | 0 Facebooktwitterredditmail

In by far the most exhaustive and detailed study to date, the National Renewable Energy Laboratory (NREL) found that solar homes sold 20% faster, for 17% more than the equivalent non-solar homes, across several subdivisions built by different California builders.

The study looked at a number of housing developments where the homes were otherwise identical except for the solar energy systems. 

Also interesting was that buyers were more interested in solar when it was-preinstalled:

If solar was already on the house, and factored into the price already, buyers were more likely to pick a house with solar. But if it was just one more decision to be made at the point of purchase, the decision got shelved.

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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.