New Economy? New Home with a Hybrid Loan!

Whether you’re a Home Buyer or a Home Seller in the New Economy, you’re facing tough challenges. Over 70% of all homes in California are in financial distress, need cosmetic repairs or are not energy efficient. Which means these “As Is” properties are Cosmetic Dogs™ or Power Hogs™! 

SOLAR PV BOOST HOME RESALE VALUE

Lawrence Berkeley National Laboratory released a large-scale study into the re-sale value of homes with a solar PV system as reported in SF Gate.

"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."

The increase in value was more obvious with existing homes, the study showed. The cause of the increase likely has multiple elements, such as the owner asking more for the home, or even the profile of the buyer drawn to the home with solar pv. Read more