Do Houses With Solar Panels Sell For More

The sale premium varies substantially by market.

Do houses with solar panels sell for more.

But typically the solar systems don t add a material amount of monetary value to the home. To power 12 3 million homes iii. When you own your solar energy system outright you ll likely get more money for your home potential home buyers are willing to pay more for owned systems than leased systems and enjoy a more straightforward sales process. This premium is largely reflective of the future energy cost savings associated with system currently there are enough solar electricity systems installed in the u s.

Directly contradicting this zillow has released a report stating that homes with solar panels sell for 4 1 more than their generation naked counterparts. In riverside calif for example homes with solar energy systems sold for 2 7 more than comparable homes without solar power a markup of 9 926 for the median valued home in the metro. For the median valued home that translates to an additional 9 274. Selling a house with owned solar panels is more straightforward than selling a home with leased panels.

Solar panels can make a home more attractive to a particular set of buyers and help get an offer sooner and perhaps at a higher percentage of the list price says dan hamilton a top selling agent in palm desert california. Buying a solar energy system will likely increase your home s value. During the past year homes with solar energy systems sold for 4 1 more on average than comparable homes without solar power.