Solar energy in residential real estate update

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A new multi-state study shows that homebuyers are more and more willing to pay for homes with photovoltaic energy capabilities or to install systems themselves.

Since the systems are now more commonplace, appraisers are trying to figure out how to value such systems.  In the past, there were rarely comparable properties with panels or other green features for appraisers to use, but now energy efficiency is becoming more popular.  New addendums and standards are being introduced to make ‘adjustments’ easier when there are still no true comparables.

Solar City is starting a project with Bank of America / Merrill Lynch to help homeowners fund solar power systems more easily.

 for more details see links below

http://realtormag.realtor.org/daily-news/2015/01/16/study-buyers-willing-pay-extra-for-solar

http://www.housingwire.com/articles/32605

 

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