The Appraised Value of Solar

A study in California, where solar photovoltaic systems installations have outpaced installations in NC, looked at thousands of homes sold over the last nine years.  Those with a solar PV system commanded a premium selling price.  The premium was measured by dollar per watt, which ranged from $3.9 per watt to $6.4 per watt.  This represented approximately $17,000 premium on a 3.1 kW PV system.  Given North Carolina’s growing solar market, this premium could play a role in stimulating the real estate market on resale homes, and help homeowners make the decision to invest in solar.

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