WalshStreet Blog

Solar Growth In the U.S.
January 8th, 2014 2:40 PM

Solar Growth In The U.S.

Many are still unclear about Solar Energy and weather its benefits and costs out weight that of traditional utility companies. Well the verdict has been out for some time now (http://www.businessweek.com/articles/2012-10-25/solar-energy-is-ready-dot-the-u-dot-s-dot-isnt) and that verdict is, solar energy is more cost efficient, cleaner and will add value to your property. A win, win, win return for the property owner! Additionally, the installation of solar systems is accelerating job growth and making the country more energy efficient.

The largest hindrance to this growth has been misinformation distributed to the general public. After all, we are talking about transferring a large amount of wealth and revenue from large utility companies to the property owner.

The overall value increase of a property equipped with a solar panel (photovoltaic) system has also not recognized its full potential. There are still those who argue that there is not enough data of homes with solar systems to support a premium price, but there are plenty of studies with supportive data that contradict this argument. One such study was conducted by the Berkeley National Laboratory (http://emp.lbl.gov/sites/all/files/lbnl-4476e.pdf). Another deterrent for this value adding feature are the banking institutions efforts to increase profit by selecting an appraiser who offers the cheapest price and shortest turnaround time. This usually denotes an appraiser who does not have the experience/knowledge to adequately justify the additional value or doesn't’t have the time to properly address the issue and therefore ignores the contributing value factor all together! (http://eetd.lbl.gov/news/article/57302/exploring-california-pv-home-pr)

For more “real deal” information about solar panel systems give us get in touch with us

at your leisure.

Lawrence Walsh

Chief Appraiser / Realtor / Analyst / Investor

O: 323-936-9970

C: 310-283-2730


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Posted by Lawrence Walsh on January 8th, 2014 2:40 PMPost a Comment

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