Here is how People really feel about rooftop photo voltaic and the way it impacts their home values

Here is how People really feel about rooftop photo voltaic and the way it impacts their home values


To be able to perceive the impacts of adopting rooftop photo voltaic in the US, buyer overview and shopper information platform ConsumerAffairs polled 1,000 US householders about their views on and total expertise with photo voltaic panels. Right here’s what the householders stated.

Causes for – and in opposition to – adopting rooftop photo voltaic

Householders who’ve put in photo voltaic panels defined their prime causes for doing so, in addition to how a lot they spent:

  • To learn the atmosphere: 60%
  • Vitality safety: 54%
  • To scale back power invoice: 52%
  • To scale back power reliance: 49%
  • Tax credit score/rebates: 37%
  • To shade roof: 29%
  • To be off-grid: 28%

Householders who adopted photo voltaic spent $11,735, on common, and it took seven years to see a return on funding.

And, those that haven’t made the swap to rooftop photo voltaic shared their prime deterrents:

  • Too costly: 22%
  • Not sure how incentives work: 11%
  • Ready on subsequent tech development: 10%
  • Credit score considerations: 8%
  • Not sure how photo voltaic works: 6%
  • Roof isn’t appropriate for photo voltaic: 5%

How rooftop photo voltaic impacts home values

St. Petersburg, Florida, and Knoxville, Tennessee, noticed the 2 largest share will increase in residence sale costs for placing photo voltaic panels on roofs. Householders with photo voltaic in these two cities have been capable of promote for a staggering 159% and 149% greater than others, respectively.

California, which is commonly on the forefront of inexperienced initiatives and laws, had 11 of the highest 75 cities with the best value will increase in clear power residence gross sales. New York had the best variety of clear power properties listed on the market.

Even the 4 cities on the very backside of the proportion worth bump – Seattle; Columbus, Ohio; Bridgeport, Connecticut; and Anaheim, California – noticed a 1% rise in promoting value on homes with photo voltaic panels.

70% of house owners polled have been happy by the substantial improve in residence worth after set up.

Householders could make a major amount of cash from adopting photo voltaic, particularly after the preliminary price of set up is paid off. On common, US photo voltaic properties reported a median annual financial savings of $1,587 simply from power prices alone.

Learn extra: Listed here are the three greatest developments in rooftop photo voltaic and battery storage

UnderstandSolar is a free service that hyperlinks you to top-rated photo voltaic installers in your area for personalised photo voltaic estimates. Tesla now affords value matching, so it’s necessary to buy the most effective quotes. Click on right here to study extra and get your quotes. — *advert.

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September 2022