Are solar panels right for your home?

The Boston Globe recently published Sometimes solar panels are not a good fit for your home , exploring the benefits – and challenges – of solar panels.

The article included this comment:
Matt Dolan, a broker with Sagan Harborside Sotheby’s International Realty in Marblehead who has panels on his home, said some developers and homeowners got caught up chasing green building certifications and haven’t been able to recoup their investments.

“People got out too far over their skis with solar and thought anytime you made a green addition to a house that you’d instantly win, and it’s just not the case. A lot of people don’t actually care that much,’’ Dolan said. He pointed to a home that was renovated to LEED Platinum standards a decade ago, complete with solar and geothermal energy. “The reality is it’s a $2 million home that we’re marketing for $1.4 million, because no one is willing to pay an ultra premium just because it has the green credentials.’’

I wrote Solar panels: are they right for you? back in 2015 and followed up in 2016 with Solar roof tiles 2.0 – a major improvement. Alas, like a number of Elon Musk’s promises, solar roof tiles remain just that – a promise. In 2018 a CNBC investigation found only 12 houses with Tesla’s solar roof tiles and one of those cost the homeowner $100,000. Nice idea – shame about the price.

Andrew Oliver
Market Analyst | Team Harborside | teamharborside.com
REALTOR®

Sagan Harborside Sotheby’s International Realty
One Essex Street | Marblehead, MA 01945
m 617.834.8205
www.OliverReports.com
www.TeamHarborside.com
Andrew.Oliver@SothebysRealty.com

Sotheby’s International Realty® is a registered trademark licensed to Sotheby’s International Realty Affiliates LLC. Each Office Is Independently Owned and Operated

 

 

 

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