Home buyers are more than willing to pay a premium on their home if it comes with a solar PV energy system, according to the findings of a new study, the largest-ever of its kind.
Conducted by a multi-institutional research team led by scientists from the US Department of Energy’s Lawrence Berkeley Laboratory, in partnership with Sandia National Laboratories, the study found that home buyers were willing to pay more for homes with solar PV systems – systems that averaged about $4 per watt of PV installed – to a premium of about $15,000.
The study analyzed almost 22,000 home sales, of which almost 4,000 were fitted with PV installations, across eight states in the US between 1999 to 2013, producing what the author’s claim is “the most authoritative estimates to date of price premiums for US homes with PV systems.”
