Do homes with solar panels sell faster?

Solar powered homes have significantly increased in popularity over the last few years. With an increase in residential electricity rates, homes that are built with energy efficient technologies are becoming key attributes for many potential home buyers. Many real estate marketing data reports show that a residential solar system is a great investment for your home. Studies show that not only do solar panels increase the resale value of both new and old homes, but they can also help sell a house faster. According to SunPower Corporation, homeowners can sell a house faster if it’s powered with solar electric power systems. In fact, homes that are solar powered are selling more than 50% faster on average, than new homes that are not solar powered.

So how do solar panels and solar electricity help sell a house faster? Home solar power lowers monthly electric bills because homeowners replace traditional electricity with inexpensive solar energy. The cost savings from a solar investment can save the future home buyers money, and will allow homeowners to market a built-in cost reduction.

Aside from being cost-effective, solar energy appeals to many home buyers because it’s a clean, renewable energy source. This means that solar power usage does not emit any greenhouse gases, nor are we in danger of depleting its reserves. Though it may disappear behind clouds momentarily and is unavailable at night, it generally returns in full force.

Also, many states and utility companies offer tax rebates and incentives for homeowners with solar energy systems. Homeowners will save 5-15% right away on their electricity and those savings will increase over time.