Americans for the most part have a “What can it do for me now?” attitude when it comes to real estate and improvements. Such is the case when people consider putting a photovoltaic (solar) system on their home. They think that they have to pay all this money up front and wait so long for the payoff. If money remains the driving force in your decision to go green that’s fine (but we would rather have you go green for the right reasons) but consider a story by Rick Nevin in the Appraiser’s Journal. Solar systems can increase the value of a home in several ways. It can eliminate or at least reduce the energy operating cost (that means you PG & E). It can act as a hedge against electric rate hikes as well. Here’s the kicker. According to Nevin the monetary benefits are quantifiable. A solar electric system increase home value by $20 for each $1 reduction in annual reduced energy bills.We’re not mathematicians here but even we can see value in those numbers. And with all extensions of state refunds and federal tax credits it may soon become a no-brainer to go solar.
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