If you have a home with solar panels and next door you have a home without solar panels, you would expect that there should be a premium for the home with solar panels. So you have just sunk $20,000 for your solar panel system—and you will get some of that back from incentives, but will you be able to recoup any of your out of pocket cost if you move in a year. If the useful life of the solar energy on the home is 25 years, and we use a discount rate of 5% per year, then the economic value of the solar panel system you have on your home is $11,000. All things being equal, and assuming that the market is rational, a purchaser of your home should pay an additional $11,000 over what the house next door is selling for without solar panels on the roof. You would expect that you would recoup at least the present value of the energy savings over the next 25 years if you go sell your home. There is scant evidence out there and we at SolarTown wanted to see if this assumption was correct. Accordingly, we are now completing a study to see whether homeowners do indeed receive a premium for the “solar savings” of having a solar energy system on the home. We are about to release the results of a study on this issue. Stay tuned to the SolarTown Learning Center to see the results.
Posts Tagged ‘solar panels for home’
Enphase Energy just released its next generation microinverter. Let’s face it: Enphase is synonymous with microinverters. By continuing to release new solar inverters, Enphase is staying ahead of the competition—which is not insignificant. We have heard of at least twenty, that’s right, twenty other firms that are trying to home in on the microinverter market. They are of course correct, because the first-to-market advantage does not always last. At least today, Enphase seems to be doing everything right, generating over $60 million in sales last year and on target to ship their one millionth product in the coming months. Yesterday the announcement came that Enphase is seeking to raise a cool $100 million in an initial public offering. Money is flowing easily into the microinverter market as Enecsys, probably Enphase’s closest competitor, also raised $41 million in a series B round of financing. Enecsys likes to call its products micro inverters and sometimes micro-inverters. What’s there not to love about a product that converts the electrifying DC to AC right at the panel level (actually plenty according to the big central solar inverter companies, but that is another story). Enphase just released its new generation Enphase M215 microinverter, which we are already carrying at SolarTown. This latest microinverter product from Enphase will change how solar panels will be installed in your home solar system or commercial solar energy system.