Monday, July 12, 2010
Energy-Saving Measures Can Add $20 of Home Value for Every $1 of Yearly Energy Cost Savings
When it comes to home value, a solar power system may be your best “remodel” option. Based on a recent study by ICF Consulting (funded by HUD and the EPA) energy-saving measures such as solar can add $20 of home value for every $1 of yearly energy cost savings.
Find these articles here & here.
That means, for every $1,000 saved annually, a home appreciates in value by $20,000. Most states have property tax exemptions that protect you against paying increased taxes on such improvements. This is definitely a substantial economic benefit.