In at least 10 large Midwestern cities, solar adds more than enough value to homes to pay for itself in resale value, according to a new analysis by Redfin and Sun Number. In Chicago, for example, the median sale price for a home with solar was $303,500 compared to a median sale price of $195,000 for a home without solar power. Chicago was a standout in terms of the overall added value of solar, but even the lowest-ranked city on the list, Minneapolis/St. Paul, Minnesota, saw added value from solar installations. The report said that the median sale price for a home with solar in the Twin Cities was $230,000 compared to the median sale price of $208,000 for a home without solar power. The Department of Energy’s Lawrence Berkeley Lab has found that homebuyers across the country are willing to pay a premium of about $15,000 for a home with an average-sized solar array. It also suggested that homes with solar panels sell faster than those without.
– via Solar Reviews