Climate change will increase the future value of residential rooftop solar panels across the United States by up to 19% by the end of the century, according to a new University of Michigan-led study.
Climate change will increase the future value of residential rooftop solar panels across the United States by up to 19% by the end of the century, according to a new University of Michigan-led study.
The study defines the value of solar, or VOS, as household-level financial benefits from electricity bill savings plus revenues from selling excess electricity to the grid—minus the initial installation costs.
For many U.S. households, increased earnings from residential rooftop solar could total up to hundreds of dollars annually by the end of the century, say the authors of the study, which was published April 19 in the journal Nature Climate Change.
“Given the average 25-year lifespan of a rooftop solar installation, a system built today will nearly experience 2050 weather,” said study senior author Michael Craig, assistant professor of energy systems at the U-M School for Environment and Sustainability and of industrial and operations engineering at U-M’s College of Engineering.
Read more at University of Michigan
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