PV system affect on home re-sale [RE-wrenches]

[Doug Wells]

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Wrenches,
You would think that it would be in the interest of the realtors to present
renewable energy systems as "valuable".  Therefore, the property will have
more value, which means a larger commission in their pockets.  I wish
everyone's motives were pure and they could see the environmental advantage,
but larger commission checks are as motivational as doughnuts.
Many states have passed laws that prohibit an increase in property tax due
to the installation of a renewable energy system.  The new owner will have
to pay for the system investment, but at least it is tax free for 10-15
years.  I can't speak for everyone's taxes, but  10 to 15 years tax free
greatly increases the value of energy savings.  So our industry needs to let
the realtors know that they can make a little extra $$$ if they "sell" the
value of a renewable system to a new owner.  As stated previously, the real
value is in the green energy savings, but a few extra bucks for the realtors
might sweeten their perspectives.  Then we can keep our heads in what we
enjoy doing most, while not having to worry about second and third owners.

Doug Wells
Solar Works

-----Original Message-----
From: John Raynes [mailto:john at raynes.com]
Sent: Thursday, May 06, 2004 11:34 AM
To: RE-wrenches at topica.com
Subject: PV system affect on home re-sale [RE-wrenches]




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Hello all,

I know a lot of wrenches don't like to focus on return-on-investment
considerations for PV, but...

One question that I've pondered a bit, and that I'm getting asked by
prospects is, how much will a PV system add to the re-sale cost of a
residence?  Here's the way that I'm telling my customers to look at it:

What they will be selling is a house with lower year-round energy costs
than the typical house of that size and type. I don't know if real estate
agents or appraisers have a way of factoring that into the value of the
house, but they should. New home buyers always look at what monthly payment
they can afford, and a lower electricity bill will make any given home more
affordable, like offering an interest rate buy down.

I also believe that for grid-tied houses, a battery-less system will more
likely add value than a battery system, for the obvious reasons that a
battery system adds maintenance (and other) issues for the future
homeowner, that he or she may not be looking for in a new home.

Any thoughts, or data in this regard from the CA market?

Regards,
John Raynes
RE Solar
Torrey, Utah
www.re-solar.com

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