Solar Power Homes Appraise Higher
A California residential solar power system will increase your home’s property value immediately! According to the Appraisal Institute, for every $1 reduction in annual electric bills due to the installation of a residential solar power system, your home’s value will increase by about $20.
For example, if you spend $26,000 on a solar power system for your home from NexGen Construction, after a California solar rebate and tax credits, this system may save you around $3,000 in first year energy expenses, which equates to an immediate increase of $60,000 in the resale value of your home. That is more than double your initial investment and immediate equity in your home!
Solar Power Homes Are More Marketable and Sell Faster!!
A residential solar powered home is easier to market and sells faster. According to the LA Times, there is a bright spot in the current slow residential real estate market: Residential Solar powered homes are outselling homes with traditional electrical systems in several California markets. Developers recognize the marketability of California residential solar powered homes and are increasingly including solar roof panels in new home design.
When it comes time to sell, you will have your significantly reduced or zero cost electric bills to show potential buyers. Homes with a residential solar power system have significant sales leverage over homes with traditional electrical systems for sale in your area because buyers love the idea of having lower monthly bills!
