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Meanwhile, a recent study of houses in San Diego and Sacramento, published by the National Bureau of Economic Research, looked at the resale value of homes with solar PV panels installed. Researchers found that, on average, installing solar panels costs owners $35,967 in a sample of homes in the $500,000 range. But with federal and state subsidies, the net average cost came down to $20,892. This net expenditure, in turn, yielded an increase in appraised value of $20,194, a 97 percent rate of recovery on the investment.
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