Solar Panels Boost Home Values

Source: San Francisco Chronicle, David Baker (4/21/11)

"Study shows solar panels pay for themselves in resale value; some homeowners even see profits."

Shell out the money to install solar panels on your home, and you'll probably recoup that investment when it comes time to sell the house.

You may even make a little profit.

A study to be released today by Lawrence Berkeley National Laboratory found that solar boosts the resale value of homes, both new and old.

The researchers analyzed the sales of about 2,000 solar homes in California from 2000 through mid-2009 and compared the prices to those of 70,000 comparable houses without solar. On average, a solar system added about $5.50 per watt to a home's resale value. For a home with a typical 3.1-kilowatt solar system, that represents an extra $17,000 above the cost of a comparable, nonsolar home.

During the same period, the study found that a typical residential solar system cost about $5 per watt.

"On average, folks have effectively got out of the home sale the same value or the comparable value that they put in," said Ryan Wiser, one of the report's authors. That's in addition to saving on their electricity bills.

Many homeowners did better than break even. People who installed panels on pre-existing homes increased the resale price by more than $6 per watt, on average. In contrast, solar systems only added $2.30 to $2.60 per watt to the sale price of new homes built with solar included.

The study's authors did not try to find the reason for that difference. But Wiser, a staff scientist at the lab, said it could be a matter of motivation. Homeowners who pay to install solar on an pre-existing house are keenly aware of the cost and don't want to lose their investment.

The study will be welcome news to solar installation companies.

Oil & Gas Company to Acquire Hydrogen Tech Firm's Assets
Source: Streetwise Reports (01/26/2021)

Jericho Oil will gain the acquiree's award-winning, patented, zero-emissions Dynamic Combustion Chamber boiler.

High Performance Energy Storage Company Posts 132% Increase in Yearly Revenue
Source: Streetwise Reports (01/24/2021)

Eguana Technologies reported financial and operating results for FY/20 that demonstrated substantial improvements in both revenue and gross margins.

Company Accelerates Development and Deployment of Solar Projects
Source: Streetwise Reports (01/15/2021)

UGE International provided an update on its project and corporate activities during Q4/20.

Ballard Receives Order for Scotland’s First Fuel Cell-Powered Train
Source: Streetwise Reports (01/12/2021)

Shares of Ballard Power Systems traded 18% higher to a new 52-week high after the company reported that it had received an order from Arcola Energy for its FCmove-HD fuel cell modules that will be used to power Scotland's first fuel cell-powered train.

Solar Energy Company Secures Bid to Build Additional 5.4MW DC Community Solar Project
Source: Streetwise Reports (01/06/2021)

UGE International reported that just prior to year-end 2020 it secured a contract to build a new US$9.9 million, 5.4MW DC community solar project in the State of Maine.

This Tiny Tech Stock Is Quietly Building a Huge Business in Air Quality
Source: Matt Badiali for Streetwise Reports (01/05/2021)

Independent financial analyst Matt Badiali discusses how mCloud's technology is making it possible for office buildings to reopen during the pandemic.

Clean Energy Fuels Partners with Total SE to Develop Carbon-Negative RNG Production Facilities
Source: Streetwise Reports (12/22/2020)

Shares of Clean Energy Fuels Corp. traded 23% higher to a new 52-week high price after the company reported it is entering into a $145 million 50-50 joint venture with Total SE of France to develop carbon-negative renewable natural gas production facilities in the U.S.

Company Providing Microgrid Optimization Set for 'Exponential' Revenue Growth
Source: John "Jack" C. Hurley for Streetwise Reports (12/08/2020)

Value investor John "Jack" C. Hurley outlines the value proposition behind technology company CleanSpark.

Shares of SolarWindow Technologies reached a new 52-week high after the company reported it has created the "first-ever" electricity-generating flexible glass using a high-speed manufacturing process.