Solar Panels and Your Home Value:
It’s no secret that solar energy panels are becoming increasingly popular. In many cases, they can save you a significant amount of money on your energy bills. They’re also much better for the environment than traditional forms of energy generation, such as coal-fired power plants. So it’s not surprising that homeowners are wondering if solar panels increase their home value.
There is a lot of debate surrounding the topic of solar panels and home value. Do they increase it? Do they decrease it? Some people say that having solar panels installed on your roof can actually hurt the resale value of your home, while others claim that they have no impact whatsoever. So what’s the truth?
The answer to this question is somewhat complicated because there are so many factors to consider when it comes to whether solar panel systems help increase your home’s value or not. These factors include the type of home, the location, the size of the solar panel system, and even the real estate market can all affect whether or not having solar panels installed will increase the value of your home and help it sell faster.
However, there is some evidence to suggest that in most cases, solar panels do increase home value.
- Solar panels have been shown to increase home value:
A study from the Lawrence Berkeley National Laboratory showed that solar panels installed on a home increased the sale price by an average of $15,000.
Another study from the Appraisal Institute found that solar photovoltaic systems added $20 per square foot to the value of a home.
- Solar panels have helped homeowners sell their homes faster:
A study from the National Renewable Energy Laboratory has shown that solar-powered homes sold 20% faster than non-solar homes and for 17% more money.
These studies all show that solar panels can have a significant impact on your home value. If you’re thinking of installing solar panel systems, talk to one of our solar energy experts for a free assessment.
So If you’re thinking about solar energy for your home, you’re not only making a smart investment–you’re also increasing your home’s value. Solar energy is becoming increasingly popular, and as solar technology continues to improve, the value of solar-powered homes is only going to rise. So, if you’re ever thinking about selling your home, solar energy will definitely help you get a better price. And in the meantime, you’ll be doing your part to help the environment–not to mention saving money on your electricity bill! So really, it’s a win-win situation all around.
Have you installed solar energy panels on your home? Do you think they’ve increased the value of your property? Let us know in the comments below!
Are you ready to go solar? Get a FREE no-obligation solar energy consultation today and let us help you get the best ROI of your solar system.