Does Solar Increase Your Home Value

The office of energy efficiency and renewable energy says that a solar energy system will likely increase your home s value and that buyers across the country have been willing to pay a premium of approximately 15 000 for a home with an average sized solar array. With hundreds of solar homes selling each month many solar home owners throughout the phoenix area are wondering if solar adds to their property s value. Installing solar panels in a home not only helps to reduce current monthly utility bills.

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Says real estate agent aaron zapata of inman according to fha and fannie mae whether solar panels add value or are viewed as a liability is still unclear.

Does solar increase your home value.

Homes equipped with solar power systems sell for 3 74 more than comparable non solar properties. One of the strongest arguments for solar energy is that it s an investment that pays for itself. Do solar panels increase home value. A recent study by the lawrence berkeley national laboratory concludes that solar panels increase home value by 14 329 on average.

The berkeley lab study says that each watt of installed solar capacity adds around 3 to a home s value. The national residential solar system average of 5 kilowatts kw generates 5 000 watts of power. Yes installing solar panels will increase the market value of your home by at least the cost of the system. Solar panels are one of those tricky things we all like to believe increase the value of a home.

The property value advantages of solar energy only increase as you scale up. Does solar increase your home value solar home sales are increasing every month and now report for at least 6 of all of the home sales throughout the phoenix area. A solar equipped home could potentially add about 3 x 5 000 watts 15 000 to a home s value. Not only will you realize an increase in the value of your home a solar energy system will help sell your home 20 faster than residences without solar panels.

Do solar panels increase your property value. Installing 5kw of solar panels adds an average of 29 555 to the retail value of a medium sized home. Per the national renewable energy laboratory every 1 of savings generated from a solar energy system will add 20 to your home s market value when you decide to sell. It s important to note that these statistics only apply to today s housing prices and utility rates.

It can potentially increase the home s value by up to 4 1 more than comparable homes with no solar panels. After all they save homeowners a ton of money right.

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