Yes, there are several states in the United States where solar installations have a positive impact on property values. These include:
- California: Solar installations in California typically increase property values by an average of 4.1%. This is partly due to high electricity rates and strong environmental consciousness in the state.
- Northeast states (e.g., New York, Massachusetts): These areas tend to see increases in property values ranging from 3.5% to 4% due to strong solar incentives and high energy costs.
- Southwest states (e.g., Arizona, Nevada): Although the increases are generally lower, ranging from 3% to 3.5%, solar installations still positively impact property values in these regions.
- Midwest: While the increases are more modest, typically between 2.5% and 3%, solar installations can still enhance property values in this area as solar technology improves and installation costs decrease.
In contrast, utility-scale solar farms may have varying impacts on property values, sometimes leading to minor reductions in certain areas. However, rooftop solar systems on individual homes generally enhance property values across various regions.
Overall, states with high electricity costs and strong environmental awareness tend to see the most significant positive impact from solar installations on property values.
Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/are-there-any-states-where-solar-installations-have-a-positive-impact-on-property-values/
