go green for future resale value: Renewable Solar Energy and Resale Value
- 02/23/08 11:02 AM
Value of Your Home and Renewable Energy Generally in areas where there are concentrations of solar water heating and photovoltaic installations, such as in New Jersey, housing prices with solar installations have been rising as quickly as homes without these systems - and in some cases bringing even higher prices for home resale. A solar electric system increases home value by $20,000 for each $1,000 in annual reduced operating costs, according to The Appraisal Institute. A solar electric system compares very favorably with other home improvements in percentage of cost recovered. Often, a solar system can recover much more than 100% of (1 comments)