Is Solar Good for Resale? - Real Estate and Technology News for Agents, Broker

Is Solar Good for Resale?

The experts have spoken and the news is good for homeowners who install solar energy in their homes.

A group of California economists, in a recent study, found that on average, homeowners in California who install photovoltaic solar panels to power their homes can recover nearly all the investment costs if they move-and that's on top of the annual energy savings." writes Ashlea Eberling on Forbes.com.

Using utility data and sales records of homes in San Diego and Sacramento counties from 2003 through 2010, the panelists found that solar panels added a $20,194 premium to the sales price of homes.

Colorado, with its average 245 days a year of sun, is a great place to install solar energy and given the rapid development of new solar products, solar energy is more affordable and easier to install than ever before.

The payback is greater, writes Ebeling, in a more "liberal community; one with more registered Green Party members and Toyota Priuses".

So, a kitchen remodel and a new front door are great improvements, but, depending on your area, homeowners thinking about installing solar power can do so with peace of mind.

Read the full story at Forbes.com.

photo credit: Yampy Yankee High Dynamic Ranger