Property Appraisers Are Now Up-Valuing Properties That Have Solar Electric Systems. With an Average Sized, 5kW, Your Property Value Could Increase Up to $20,000
In 2012, the Appraiser’s Institute issued formal guidance to appraisers, backing Sandia Laboratory’s new solar appraisal calculator for valuing solar electric systems. The basis of the value increase, over similar properties without systems, was the increasing annual benefit of reduced electricity bills: the greater the annual saving, the bigger the potential value increase.
So just like fitting a new kitchen, bathroom or even a swimming pool, installing a solar electric system can increase the value of your property; all while providing you with immediate cash savings through reduced electricity bills.