Solar Homestead bought for $15,000
by Anna Oakes
Sandra W. Phillips of Jefferson last month submitted a $15,000 bid for The Solar Homestead - a solar-powered, net-zero energy home designed by Appalachian State University students. ASU Vice Chancellor for Business Affairs Greg Lovins said Tuesday that the sale has been finalized.
The two-bedroom, one-bathroom home was ASU's entry in the 2011 U.S. Department of Energy's Solar Decathlon home design and construction competition that featured 20 teams from around the world.
The Solar Homestead received the competition's People's Choice Award. To meet the requirements of the 2011 Solar Decathlon, the home was required to be appraised at about $220,000.
According to ASU board of trustees meeting materials, the $15,000 bid from Phillips was the only one received by ASU, which advertised the sale of the house in early November.
The board of trustees of the ASU Endowment Fund must approve the use of the proceeds from The Solar Homestead's sale.
Staff have recommended that all net proceeds be used for the university's participation in Solar Decathlon Europe 2014, according to meeting materials.