How Will Adding Solar Panels Increase My Home Value

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.

How will adding solar panels increase my home value.

Choosing renewable energy helps protect the planet. It can potentially increase the home s value by up to 4 1 more than comparable homes with no solar panels. Increase home value 3 4 by installing a solar panel system. Their impact on your home s value.

Ads by ad practitioners. Multiple studies have shown that homes with solar panel systems are valued and sold at prices above similar homes in their area. 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. Installing solar panels in a home not only helps to reduce current monthly utility bills.

Solar panels really do add value to a home. 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. Glink and samuel j. 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.

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. Lbl finds that homes with solar panels will benefit from a solar premium when they are sold because buyers are willing to pay more for a home with solar panels.