April 21 (Bloomberg) -- In California, installing solar panels atop a home roof will increase its value by an average of $17,000, according to a study by Lawrence Berkeley National Laboratory.
The analysis of 72,000 home sales from 1999 to 2009 showed that the almost 2,000 homes with roof-top solar systems attracted higher bids from buyers who wanted to save money on utility bills and reduce emissions of greenhouse gases.
“The study shows that solar can be a solid investment for homeowners and a revenue generator for homebuilders,” Tom Kimbis, director of policy and research at the Washington-based Solar Energy Industry Association, said today in an e-mailed statement.
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