Team of appraisers across six states find home buyers will pay premium for solar homes
Thursday, November 12, 2015 - 13:30
in Mathematics & Economics
Photovoltaics added value to homes in six markets, according to a new report titled "Appraising into the Sun: Six-State Solar Home Paired-Sales Analysis," led by a researcher from the U.S. Department of Energy's Lawrence Berkeley National Laboratory (Berkeley Lab) and a home appraisal expert. Researchers engaged a team of seven appraisers from across the six states to determine the value that solar photovoltaic (PV) systems added to single-family homes using the industry-standard paired-sales valuation technique, which compares recent sales of comparable homes to estimate the premium buyers would pay for PV.