DataInvesting

Where is residential solar activity booming?

Residential solar activity has increased more than 300 percent in the US since 2010
  • Solar activity increased 300 percent between 2010 and 2015, with 29 percent growth between 2014 and 2015 alone.
  • BuildFax says buyers are willing to spend $15,000 more, on average, for homes with installed solar panels.
  • California encompasses 40 percent of the top 20 residential solar markets.

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

You might be all about recycling and composting for a lower carbon footprint, but would you install solar panels on your home? A recent BuildFax report shows many Americans are making the investment in green building practices. Solar activity increased 300 percent between 2010 and 2015, with 29 percent growth between 2014 and 2015 alone. What are the perks? BuildFax says not only do homeowners save on power expenses, but buyers are willing to spend $15,000 more on average for homes with installed solar panels. In some states, you don’t need an upfront investment to convert your home to solar energy, allowing for almost immediate savings. BuildFax also says solar technology is becoming more affordable than ever. The Solar Investment Tax Credit provides a 30 percent tax credit that homeowners can use toward personal income taxes. Solar homes most popular in the Golden State Despite more homeowners nationwide opting for solar panels, California still reigns supreme in ...