Tag Archives: property values

New Report Says Solar Panels Increase Home Value

Solar increases property value graphic EnergySage

Installing solar panels can significantly increase your property’s value, according to a new study from the Lawrence Berkeley National Lab (LBL). The report, titled “Selling into the sun: Price premium analysis of a multi-state dataset of solar homes“, builds on previous research which concluded that homes with solar panels in California sold for more than those without.

Do solar panels add value to a house?

In addition to California, the new study investigates home pricing trends Connecticut, Florida, Massachusetts, Maryland, North Carolina, New York and Pennsylvania by analyzing the sales of over 20,000 homes in these states. LBL’s analysis of the housing markets in these other states shows that the premium paid for homes with solar is not a phenomenon isolated to the Golden State. The clear takeaway: solar panels really do add value to a home.

If you are thinking about purchasing a solar system for your home, the study’s conclusions should give you a boost of confidence that you are making a smart investment. LBL finds that homes with solar panels will benefit from a ‘solar premium’ when they are sold because buyers are willing to pay more for a home with solar panels. Continue reading

10 Ways to Increase the Value of Your Home

10 ways to increase home value

Selling a home can be a long, winding road — from making the decision of putting your property on the market, to finding the right agent, to negotiating the selling price and closing the deal. Throughout the entire process, it is important not to lose sight of your main objective: to get the best value for your home.

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FHA and Fannie Mae agree: A solar panel system adds value to your home (if you own the system)

FHA Fannie mae solar energysage

Looking for Fannie Mae solar panel loans? Check out our article on the Fannie Mae Homestyle Energy Program.

Solar loans and solar financing provided by Fannie Mae have drawn major attention from homeowners as one of the new premier ways to save big withs solar panels. And one question that EnergySage receives regularly from our customers is: “Will solar panels increase the value of my property?” It is clear that the answer is already a resounding ‘yes’, and the evidence only continues to mount. We have compiled a list of studies that highlight this point, and recently wrote about Lawrence Berkeley Laboratory’s recent study showing that solar panels increase home values significantly across the US. These studies mainly look at cases where the homeowner is also the owner of the solar panel system.

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Top 5 Reasons Why Solar Panels Are Worth It in Massachusetts

Solar panels popular in Massachusetts graphic

Massachusetts is considered a leading solar state. Find out why solar is so popular

Despite the state’s reputation for its cold, snowy winters, going solar is in fact a great way for Massachusetts residents to save money on their power bills. In this article we take a look at why solar panels are such a great investment for your home or business in Massachusetts.

Why are solar panels so popular in Massachusetts?

2015 was a big year for residential solar power for the USA. Massachusetts is going to be one of the states that leads the way as more and more Massachusetts homeowners and businesses discover the benefits of rooftop solar panels in MA. Once a state filled with underserved renewable demand, Massachusetts is starting to heat up as a leading solar state, according to various data reports.  Continue reading

Granite Countertops or Solar Panels?

Life is all about trade-offs. Do you take that big trip or pay your child’s college tuition? Do you take your income tax refund and buy that home theater you’ve always wanted, or do you add it to your retirement savings? Fortunately, not all of life’s decisions are “either / or.” Some decisions, like installing a clean energy system, can actually help to increase the range of your possibilities. Continue reading

Is a House With an Unobstructed, South-Facing Roof Worth More?

You’re in the market for a house. You’ve done your research, found your price point, and are looking at homes in the neighborhood of your choice.

You’re making the rounds at open houses, taking tours, and checking the essentials – quality of construction, design and layout, the age and quality of the kitchens and bathrooms, the fixtures and appliances, the condition of the roof and the foundation, etc. Continue reading

Retiring to Someplace Sunny: Solar and Other Renewables Improve Retirees’ Financial Outlook

This recent blog post “For Retirement Savings, Solar Power Is a Better Bet Than the Stock Market” from thedailygreen.com shows how one octogenarian couple is using renewable energy to stretch their savings and contain costs in retirement. While this post focuses on solar photovoltaics, any clean energy system—solar, wind, geothermal or biomass—can produce the same benefits. Continue reading

Clean Energy Is Ready for Its Close-Up. Is Hollywood Onboard?

When Eliot lured E.T. out of hiding with a trail of Reese’s Pieces, sales of the peanut butter candies shot up an amazing 65% (some estimates actually put it at 80%!). Suddenly, the four year old brand, a relative new comer on the market, hit the big time. With a success story like that, we can’t help but wonder what a little help from Hollywood could do for clean energy. Continue reading

Worried About Payback Period of Your Clean Energy System? Don’t Be!

Many people looking into solar energy or other sources of renewable energy express concern about the payback period. It’s a common response. Recently, a friend’s 97 year-old grandfather balked at the price of a new battery for his car. As the salesman rattled off all of the batteries many features and benefits, Grandpa stopped him at the 7 year warranty. “I’m 97! What do I need a 7 year warranty for?” Wondering whether or not we’ll still be around to reap all the benefits of any particular deal is a universal reaction, especially when it comes to clean energy. Continue reading