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Team of Appraisers Across Six States Find Home Buyers Will Pay Premium for Solar Homes

posted Dec 3, 2015, 4:02 PM by Frederick H. Schuchardt   [ updated Dec 3, 2015, 4:13 PM ]
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.