About the Post

Author Information

SOLAR BOOSTS HOME VALUES SIGNIFICANTLY!

Many homeowners get so focused on the electrical savings of a solar electric system that they sometimes tend to miss the positive effect it has on their home value.  According to the US Department of Energy’s Office of Energy Efficiency & Renewable Energy, a $1 reduction in annual electricity bills translates into a $20 increase in home value.  This means that saving $1000 per year in energy costs could mean a $20,000 increase in home value.

The increase in home value comes from both the perception of increased resale value and the actual energy savings produced by the solar array.  There isn’t any other home improvement that generates this type of return on investment.  And … assuming the homeowner is purchasing the system (instead of making a mistake of leasing), the homeowner is also eligible to receive a 30% Federal Tax Credit.  So in reality, those are 70 cent dollars being invested for the $20 increase in home value!  Can you say WIN-WIN?

To top it off, when the day comes to move, there are more positives!  The US Department of Energy indicates that homes with solar sell twice as fast as homes without.  That will save the homeowner some serious time and money!

BOTTOM LINE:  GO SOLAR!

 

Tags: , , , ,

2 Comments on “SOLAR BOOSTS HOME VALUES SIGNIFICANTLY!”

  1. Jessie May 2, 2014 at 5:27 am #

    Using SOlar into your home can make you save more electricity every year.. and in todays time it is very important to use solar as alternative source of energy it is because we have to cut off the release of C02 in the atmospher before its too late..

  2. actsofactivism.com September 17, 2014 at 5:47 pm #

    Howdy! This is my first comment here so I just wanted to give
    a quick shout out and say I genuinely enjoy reading your posts.
    Can you recommend any other blogs/websites/forums that
    go over the same topics? Thanks!

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: