How Will Adding Solar Panels Increase My Home Value

Solar panels really do add value to a home.

How will adding solar panels increase my home value.

However if few homes have solar panels and buyers tend not to pay for the investment you might not get back the money you put into the panels. If you are thinking about purchasing a solar system for your home the study s conclusions should give you a boost of confidence that you are making a smart investment. Ads by ad practitioners. Their impact on your home s value.

A home that uses the power of the sun to produce electricity reduces the need for burning fossil fuels which emit greenhouse gases like carbon dioxide co 2. Early studies focused on established solar markets such as california found that home values increase by four percent or more when homes are equipped with solar panels. Tamkin of the washington post if lots of homes in your area have solar panels and buyers are learning to expect them adding them might give you something extra to promote your home when it comes time to sell. It can potentially increase the home s value by up to 4 1 more than comparable homes with no solar panels.

On average solar panels raise a home s value by 4 1 across the u s according to a new zillow analysis of homes across the country that s a boost of 9 274 on a 226 300 home according to the study. Installing solar panels in a home not only helps to reduce current monthly utility bills. Choosing renewable energy helps protect the planet. Increase home value 3 4 by installing a solar panel system.

One of those factors. Aside from the potential to increase a home s value solar panels offer a number of other benefits to homeowners.