Our customers consider a wide range of factors when choosing to install a solar system for their homes. Many homeowners want to save money on utility rates. This is totally understandable with the common knowledge utility can go up as much as 10% per year. Many homeowners want to generate enough surplus energy to cover the cost of cooler air conditioning, warmer pools and the luxury of not turning off all of the lights before they leave the house.
Many of you are inspired to make a change to solar energy for what it does to the value in the long term while enjoying many short term benefits. Who can blame you? To most Americans, their home their largest investment.
For customers living in Southern California, know that Lawrence Berkeley Labs (LBL) believes that buyers in this region are willing to pay more for a house with solar — up to $15,000 more for a home equipped with an average sized 3.6kW system. On a national average, the figure is a bit over $9,000.
Real estate super-app Zillow recently commissioned a study on the desirability of solar powered homes and cited a national average value increase of 4.1% that translates to $9,274 on average nationally, according to the article that also claims that “the monetary mark is much more regionally dependent.” Read more: https://pv-magazine-usa.com/2019/04/17/solar-homes-sell-for-more/
Three major benefits of going solar include:
- Taking immediate control of your energy costs
- The ability to live comfortably with peace-of-time
- Enjoy an immediate increase in the value of your home
Savings and systems production will vary from system to system based on variables in design, local utility rates and household energy usage. Generally, homeowners can realize utility bill savings of upwards of $80,000 over 25 years and enjoy an instant equity increase of roughly $40,000 upon installing a solar system.