Does Solar Increase Home Value?
The Sun’s rays of light,
which can be defined as a never-ending beam of massless, high-speed photons,
can be converted into electricity for residences, businesses, and public uses
of electricity like light poles that light streets.
Many homes are investing in
top-of-the-line solar photovoltaic panel systems thanks to the variety of
important benefits they bring to the proverbial table. Further, homes that make
use of the Sun’s rays through solar power utilization systems sell for thousands
more dollars than homes of similar values that don’t make use of the most
abundant natural resources known to man – the Sun.
Where Are Residential Solar Systems Cheaper Than
Buying Electricity From the Electrical Grid?
Grid parity is best defined as when generating usable
electricity via an alternative source of energy such as wind, hydroelectric, or
By 2014, grid parity had been reached across
California, Nevada, Arizona, and New Mexico. Further, New York, New Jersey,
Vermont, New Hampshire, and select other states across New England had
similarly reached the milestone of grid parity, meaning the electricity provided
by solar power systems was cheaper than the electricity available through
As solar panel equipment
decreases in price and becomes more efficient, the total number of states that
have reached grid parity will continue to increase across the United States.
The Cost of Solar Panel Systems’ Components Is
According to the Lawrence
Berkeley National Laboratory’s 2013 study titled Exploring California PV Home Premiums,
installing fully-functioning solar energy capture and conversion systems that
utilize photovoltaic technology equal in output to five kilowatts adds just
short of $30,000 to the sale price of homes.
Outside of every other
benefit that residential solar power systems bring to the table, they add
to the dollar value of homes because they simply cost lots of money to purchase
Power Outages Won’t Threaten Your Family’s Access
Across 2000 and 2001, the
state of California suffered from a number of electrical grid blackouts during
times when residents needed electricity the most. Take, for example, the
California electricity crisis’ first wave of blackouts on June 14, 2000, when
nearly 100,000 utility customers’ residences found themselves without power
during a near-record-breaking heat wave.
In January and March 2001,
blackouts affected a total of two million customers across a total span
of four days.
Imagine the frustration of being
one of the many residences that were affected by the rolling blackouts, especially
during a heat wave. Keep in mind that while utility companies that offer access
to the electrical grid are generally stable, they aren’t as stable as a
well-maintained residential solar panel system.