Solar PV Installations Increase Value of Property by $20k - $25k

[Kevin Jerwood]

How many rehabbers are fitting Solar PV as standard? A large study of over 22,000 homes conducted by the Berkeley Lab, https://emp.lbl.gov/publications/selling-sun-price-premium-analysis found that purchasers are happy to pay a premium for houses that have solar PV fitted. This premium amounts to approximately $4 per watt. With the average solar installation size now hitting 6kW a rehabber can add $24,000 to the sale price, just for fitting Solar PV and in certain States where there are Solar incentives available, this increase in value could be achieved with an investment of as little as $8K - $9k. From a Rehabbers perspective this is free money. Spend $8k - $9k and sell the house for and extra $24K.

[Kyle Mccaw]

This needs to take into consideration location. In Texas the numbers are very different and do not support solar upgrades.