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Updated over 3 years ago,
Solar and Geothermal in flips
I was curious if any folks who flip houses in the north have considered incorporating solar panels and / or heat pump technologies such as geothermal or air-source in their rehabs. To install solar panels and a geothermal heat pump in the Boston area might cost about $100K retail, which seems like a non-starter UNLESS
- incorporating these into a mortgage made financial sense for the buyer, and...
- appraisers factored this into the appraisal value
So in other words, if the additional amount on a 30 year mortgage were offset by energy savings & programs, AND the buyer was able to live carbon-free, it seems that this might attract a savvy and enlightened buyer.