Renewable Energy Increases Home Resale Values

In a sluggish real estate market teetering on the edgereality.
of the potential for a double dip recession manyThe average homeowner who does purchase PV
people are seeking ways with which to add value tosolar systems will buy a system of 4kw which costs
homes and to date nothing does the job quite as wellapproximately $10,000 per kilowatt installed and will
as renewable energy systems. In fact, homes thatgenerate an average of 14.52 kWh per day. The cost
already have these great systems installed on themof this particular system comes to $40,000 but once
have seen far greater interest from potential homeyou factor in State and Federal grants, rebates or
buyers which in some instances were not even listedother incentives the total cost comes in at around
to begin with. This is not solely based on any one type$18,000. This same system carries a manufacturers
of renewable energy system but has been witnessedwarranty of between 25 - 30 years so assuming a 25
on various systems from PV solar and wind turbinesyear life, this system averages out to $60 per month
to solar thermal systems. Regardless of a homesover its lifetime making it extremely affordable. Solar
amenities energy efficient electrical systems are anthermal systems which will heat the air or water offer
absolute must have to the distinguishing buyer.even better monthly costs with much shorter periods
Let's keep in mind that much of the informationof payback but regardless which of these systems
regarding both of these topics have literally beenhave been installed they both offer incredible cost
inundating the information super highway and websavings to the potential home buyer.
savy home buyers have been paying very closeIncredibly, these home values in the eye of the buyer
attention. Much of their decision making is based purelyare greatly increased making them irresistible as was
on common sense values in that why would youdemonstrated by Amy Levin, a realtor who completed
purchase home "A" that has all the most commona gut renovation of a home in Washington, DC. She
amenities when home "B" can generate either its ownhad an appraisal done which came in at 10% higher
electricity or heat or both? Considering that thesethan comparable homes in the area and interested
home upgrades come at a significant cost to the sellerbuyers made offers that exceeded her green
to make you still must keep in mind how the buyerinvestment costs, even though the house wasn't listed.
views them and when averaged out across thePeople wanted to rent her house, even though she
number of years these systems are warrantied thebuilt it for her own residence. Based on this, realtor's
numbers are very surprising and quite acceptable. Theand hard money rehab lenders can now get on the
current events that are also very popular in ourclean energy band wagon with a renewed sense of
present time which also come with a very high sensegreatly improving not only their sales but also helping to
of emotion tied to them for most also play into aget our economy moving and helping to create
buyers decision making processes e.g. The Gulf Oilhundreds of thousands of clean energy jobs
Disaster and our need to make energy changes anationwide!