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Solar Homes Fetch Higher Prices

Posted on Monday, April 25th, 2011 at 2:04 pm by Solar Energy USA

From Reuters:

Does a solar electric system add to the sales value of a home? Solar energy advocates like to say it does, but that’s often based on anecdotal evidence. The Berkeley Lawrence National Laboratory decided to test this claim, and the result is a report being issued Thursday that showed that, indeed, solar homes command higher prices.

The analysis showed solar homes in California were sold for a premium at between $3.90 per watt to $6.40 per watt, the Berkeley Lab report said. That spread amounted to an average of a $17,000 premium for a fairly new (roughly two years old) 3.1 KW system, which is the average system size in the data, the report said. The premium began to decrease as systems became older.

The lab researchers poured over data about roughly 72,000 homes sold from 2000 to mid 2009, including 2,000 with solar systems.