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Buying a solar energy system will likely increase your home’s value. A Berkeley National Laboratory study found that solar photovoltaic panels are viewed as upgrades, just like a renovated kitchen or a finished basement, and home buyers across the country have been willing to pay a premium for a home with an average-sized solar array. As for third-party owned systems, it appears that the impact is largely neutral but can occasionally add value, especially for prepaid leases.
Energy independence is another key advantage of solar energy. Traditional energy sources can be subject to price fluctuations and supply shortages, which can disrupt business operations. By utilizing solar panels, businesses can shield themselves from these uncertainties, ensuring a more stable and predictable energy supply. This energy autonomy can enhance a company’s operational resilience, allowing it to maintain productivity levels even during energy crises.
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