> Even then, a lot of homeowners didn't intend to own the home long enough to realize the returns, and I don't think small solar systems improve resale value. The feeling in the office is that if you're planning to resell, the money is better spent on the kitchen.
Not at today's power prices. A typical kitchen will easily cost as much or more than solar and solar ROI is about 20 to 25% right now, no kitchen will come even close to adding that kind of value to a house. If you can afford to do both, do both, but if you have to choose solar is #1 from an investment perspective (assuming you already have a kitchen...).
That's a nice return. Where I am (BC) we can do net metering but no longer get paid the surplus and I think our power costs are at the lower end of things.
Being in a rain forest doesn't help. Don't get me wrong, the summers are as bright as anywhere else, but the cloudy winters are brutal if you want sunshine.
If it's financed with a mortgage that's another thing to consider.
I just don't ever hear solar come up in conversations about resale. I've heard a couple Realtors mention that energy efficient design is something coming up most often. The big questions are still about the area and how many bed/bath rooms there are.
>(assuming you already have a kitchen...).
You can always get a second kitchen....a summer kitchen.
Not at today's power prices. A typical kitchen will easily cost as much or more than solar and solar ROI is about 20 to 25% right now, no kitchen will come even close to adding that kind of value to a house. If you can afford to do both, do both, but if you have to choose solar is #1 from an investment perspective (assuming you already have a kitchen...).