Want to learn how to increase home value? According to research conducted by the National Renewable Energy Laboratory, each additional dollar you save from solar energy could increase home value by up to $20 (depending on your location, installation size, and value of home). Which means that for every $1,000 you save in annual energy costs, your home value could rise by $20,000. And with a PPA from Brite Energy, those savings will likely increase every year as energy prices rise (Berkeley Lab Report Shows Dramatic Variation in the Bill Savings from Net Metered Residential Solar Photovoltaic Systems – read more).
Not only do solar panels increase home value – they have sometimes been shown to help sell the home up to 20% faster and for more money too (read more). And as the price of traditional utilities increases, the advantages of solar to a home’s resale value could increase as well.
When it comes to your finances, the future might look Brite with solar.