Biggest-ever study to statistically define the incremental sale value of homes with solar photovoltaic systems

Post date: Jan 18, 2015 5:33:47 AM

To be released this coming Monday.

The study used data on PV homes from LBNL’s Tracking the Sun report series with corresponding real estate information and information on similar non-PV homes. These data span the years 2002–2013 and eight states: California, Connecticut, Florida, Massachusetts, Maryland, North Carolina, New York, and Pennsylvania. The PV and non-PV homes were matched, resulting in a dataset of 18,871 non-PV homes (including 6,036 newly built homes) and 3,951 PV homes (including 1,444 newly built homes). All PV systems in this dataset were homeowner owned rather than leased. The sample included homes no more expensive than $900,000. The observed incremental value was $4 per rated panel watt, or about $15,000 for a home with a typical 3.6kW array.

Hoen, Ben, Sandra Adomatis, Thomas Jackson, Joshua Graff-Zivin, Mark Thayer, Geoffrey T. Klise, and Ryan H. Wiser. Selling Into the Sun: Price Premium Analysis of a Multi-State Dataset of Solar Homes., 2015. Download: Report PDF (2.17 MB); Full Report Fact Sheet PDF (259.78 KB); New Homes Fact Sheet PDF (236.39 KB)

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