Solar Power Pays Off in These 10 Midwestern Cities

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Redfin Teamed Up with Sun Number to Rank the 10 Midwestern Cities

With the Most Solar Potential

SEATTLE–(BUSINESS WIRE)–The Midwestern region of the United States may not seem like an ideal

area for solar power, but there are actually quite a few cities within

this region where it would be wise to invest in solar panels. Redfin (www.redfin.com),

the next-generation real estate brokerage, teamed up with Sun

Number, a U.S. Dept. of Energy SunShot-funded startup that has

developed a patented, automated process for analyzing the solar

potential of rooftops, to find out which of the largest Midwestern

cities have the most solar power potential. The company, which assigns

cities a Sun Number based on a scale of 1 to 100, looked at the 10

largest Midwestern cities to find each location’s Sun Number. Redfin

then looked at those areas to find the price of homes mentioning “solar

panels” in their listing description and compared the prices of homes

not mentioning solar panels.

“Buying a solar energy system will likely increase your home’s value,”

says the Department of Energy. “A recent

study found that solar panels are viewed as upgrades, just like a

renovated kitchen or a finished basement, and homebuyers across the

country have been willing to pay a premium of about $15,000 for a home

with an average-sized solar array. Additionally, there is evidence that

homes with solar panels sell faster than those without.”

Here is the ranking for the 10 largest U.S. cities in the Midwest region

with the highest potential for solar power:

1. Columbus, Ohio

2. Chicago, Illinois

3. Madison, Wisconsin

4. Dayton, Ohio

5. Cincinnati, Ohio

6. Milwaukee, Wisconsin

7. Indianapolis, Indiana

8. Cleveland, Ohio

9. Detroit, Michigan

10. Minneapolis/St. Paul, Minnesota

To read the full report, complete with more information on each city,

please visit: http://ift.tt/2pPsCRN

About Redfin

Redfin (www.redfin.com)

is the next-generation real estate brokerage, combining its own

full-service agents with modern technology to redefine real estate in

the consumer’s favor. Founded by software engineers, Redfin has the

country’s #1 brokerage website and offers a host of online tools to

consumers, including the Redfin

Estimate, the automated home-value estimate with the industry’s

lowest published error rate. Homebuyers and sellers enjoy a

full-service, technology-powered experience from Redfin real estate

agents, while saving thousands in commissions. Redfin serves more than

80 major metro areas across the U.S. The company has closed more than

$40 billion in home sales through 2016.

For more information or to contact a local Redfin real estate agent,

visit www.redfin.com.

To learn about housing market trends and download data, visit the Redfin

Data Center. To be added to Redfin’s press release distribution

list, subscribe

here. To view Redfin’s press center, click

here.

Contacts

Redfin Journalist Services:
Alanna Finn, 917-822-5087
press@redfin.com

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Solar Power Pays Off in These 10 Midwestern Cities was first posted on May 1, 2017 at 1:00 pm.
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May 02, 2017 at 07:53AM

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from 3BL Media Press Release

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