According to the “Evidence of Rational Market Valuations for Home Energy Efficiency,” Rick Nevin, Christopher Bender, and Heather Gazan, Oct 1999, a home’s value is increased by $20,000 for every $1,000 reduction in annual operating costs from energy efficiency.
Using my home PV system for example, I expect to save approximately $550 per year on my electric bills. At 20:1, that would mean that I can expect to sell my house for $11,000 more now that I have solar. That's $3,600 more than what it cost me to install my PV system ($7,400 after the Federal ITC and rebates from my utility for my 2.28KW DC system). I'll get to reap the monthly savings while I live in my house and if I sell my home, I will get some, all or more of the cost back in the sale price.
No comments:
Post a Comment