How much value do photovoltaic solar panels actually add to a property?

Barbie Bennett

Special to the Village News

With all the chatter regarding the value photovoltaic solar panels add to a home, it’s important to define value. Let’s break it down by consumer value, market value and appraisal value.

A good example of consumer value is a solar home in Murrieta, where the home had a turn-key photovoltaic rooftop system with 23 years remaining, a transferrable 25-year production guaranty and performance guaranty. The power savings over the next 23 years conservatively estimated at $53,000. The home had an upgraded main electrical panel and additional 100-amp sub-pan...