Will solar panels increase my home value?
Yes, installing solar panels will increase the market value of your home by at least the cost of the system. 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.
Subject: Solar System - Sub Subject: Home PanelDate: 6/30/2019 Status: SOLVED
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Askme - Sunday, June 30, 2019 346“It’s really kind of cool to have solar panels on your roof.”
Bill Gates
Solar Panels Are Adding Value to Homes Across America
Solar panel owners are seeing an increase in their property values over comparative homes in their neighborhood. The main reason for this increase in market value is that homes with solar panels offer a definite financial benefit to future owners. Potential buyers are encouraged to purchase homes with an installed solar energy system because of:
- State level rebates and incentives (every state is different*)
- The 30% federal tax credit (30% of your system cost is covered by the federal government)
- The ability to replace your electric bill with a much cheaper and cleaner option
- The reduction of our carbon footprint
- And obviously, it greatly increases the overall cost of your home!
New homebuyers also realize they will benefit from future increase of market value in a home with a solar panel system.
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