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A New Report Suggests PV Could Revitalize CA’s Real Estate Market for New and Existing Homes
Posted By: Brian Armentrout
Date: April 22nd, 2011
Category: Commercial, Distribution, General Interest, Uncategorized
This new Berkeley Lab report is a must read for PV installers and homeowners considering PV, specifically those in California. The report found an average and fairly new solar installation increases an average home’s value by appoximately $17,000.
Interestingly, the report also shows the existing homes that add PV have more than twice the additional resale value than that of newly constructed homes with PV. Regardless, the report found new home builders may consider adding PV to all of its new homes and be willing to accept a lower premium in exchange for faster sales velocity.
Read the Full Report Here