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Solar Panels Increase Home Value

Posted by Soulskill on from the nimby-schmimby dept.

blair1q writes "Venture Beat reports that a study (PDF) by Berkeley National Labs has found that homes sold in California earned a premium for solar panels. The benefit ranged from $3900 to $6400 per kW of capacity. An earlier study found that proximity to solar or wind power may also raise home values. These results contradict the arguments based on degrading home values used by putative NIMBY (Not In My Back-Yard) opponents to installing or living near such energy-generating equipment."

3 of 352 comments (clear)

  1. Makes Sense by DWMorse · · Score: 5, Insightful

    Makes total sense. If I was looking at houses, and the prior owners had installed a hot tub, earning them a glare or two from neighbors in the process, I would also pay a little extra for that amenity too. Duh. Beneficial improvement raises value.

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    1. Re:Makes Sense by timeOday · · Score: 5, Insightful

      For me it would be a bonus because it would mean the land is likely to remain relatively undeveloped instead of filling in with more suburbs.

    2. Re:Makes Sense by BasilBrush · · Score: 5, Insightful

      For me, when I pass by a wind farm, it brings a smile to my face. I'm happy that here is something being done about global warming and the upcoming energy crisis. The report suggests that feel good factor results in increased property values. Makes sense.