Rooftop Solar Brings Higher Home Appraisals

By Katherine Tweed, Greentech Media

Homes with rooftop solar are appraised at a higher value, according to new research from Lawrence Berkeley National Laboratory.

For the past few years, Berkeley Lab has been collecting data on the value of homes with solar photovoltaics compared to those without PV. Early studies relied on modeling and found that buyers were willing to pay an average of $15,000 more for a home with a solar PV array. Another study from January, based on survey data, found that homebuyers were also willing to pay a premium for leased systems.

The latest piece of research furthers those findings by assessing appraisals for PV homes in six markets within Oregon, California, North Carolina, Florida, Pennsylvania and Maryland. The appraisal premium ranged from about 3 percent to 6 percent based on the region, with a price boost of about $10,000 to $22,000. The valuations were based upon PV homes compared against comparable non-PV homes by local appraisers.

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