In order to grasp the impacts of adopting rooftop solar within the United States, buyer evaluate and shopper information platform ConsumerAffairs polled 1,000 US householders about their views on and general expertise with solar panels. Here’s what the householders stated.
Reasons for – and in opposition to – adopting rooftop solar
Homeowners who’ve put in solar panels defined their high causes for doing so, in addition to how a lot they spent:
- To profit the surroundings: 60%
- Energy safety: 54%
- To cut back energy invoice: 52%
- To cut back energy reliance: 49%
- Tax credit score/rebates: 37%
- To shade roof: 29%
- To be off-grid: 28%
Homeowners who adopted solar spent $11,735, on common, and it took seven years to see a return on funding.
And, those that haven’t made the change to rooftop solar shared their high deterrents:
- Too costly: 22%
- Unsure how incentives work: 11%
- Waiting on subsequent tech development: 10%
- Credit considerations: 8%
- Unsure how solar works: 6%
- Roof isn’t appropriate for solar: 5%
How rooftop solar impacts home values
St. Petersburg, Florida, and Knoxville, Tennessee, noticed the 2 largest share will increase in home sale costs for placing solar panels on roofs. Homeowners with solar in these two cities had been capable of promote for a staggering 159% and 149% greater than others, respectively.
California, which is commonly on the forefront of inexperienced initiatives and laws, had 11 of the highest 75 cities with the best value will increase in clear energy home gross sales. New York had the best variety of clear energy houses listed on the market.
Even the 4 cities on the very backside of the share worth bump – Seattle; Columbus, Ohio; Bridgeport, Connecticut; and Anaheim, California – noticed a 1% rise in promoting value on homes with solar panels.
70% of house owners polled had been happy by the substantial enhance in home worth after set up.
Homeowners could make a big amount of cash from adopting solar, particularly after the preliminary value of set up is paid off. On common, US solar houses reported a median annual financial savings of $1,587 simply from energy prices alone.
Read extra: Here are the three largest tendencies in rooftop solar and battery storage
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