Here comes the Sun – along with another great reason to go green. KQED News Climate Watch recently reported that not only is solar power a healthy alternative to conventional energy, it’s also a pretty good investment for homeowners.
Despite skepticism from many builders and owners, it seems that the presence of solar panels can actually raise a home’s selling price – as long as the panels are fairly new. Apparently, if you want to install solar power AND you want to get the best return on your investment, the magic move-out time-frame is about a 1.5 – 2.5 years.
That seems reasonable- most home improvements look pretty humdrum after a few years. But since solar panels provide more substantial economic/philosophical benefits than many of your average remodeling projects, we’d guess that you’d get your money’s worth even if your solar panels are older. Understandably, not a lot of research has been done on the investment value of older solar “systems” (ha! we had to do it). Time will tell.