Do Solar Panels Increase The Value Of Your Property

Solar panels increase property value let s start with a thought experiment.

Do solar panels increase the value of your property.

Say you were thinking about purchasing one of two identical homes right next to each other on the same street. Installing solar panels in a home not only helps to reduce current monthly utility bills. Ultimately this depends on a variety of factors including the size of your home the number of solar panels added and the location of your home as certain areas see higher returns on investment. The only difference is that one of them has enough rooftop solar power installed on it to completely eliminate a 200 monthly power bill.

Says real estate agent aaron zapata of inman according to fha and fannie mae whether solar panels add value or are viewed as a liability is still unclear. Solar panels are one of those tricky things we all like to believe increase the value of a home. 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.

Find everything you need to know about solar panels and solar installation costs. After all they save homeowners a ton of money right. If the solar panels are financed considered personal property. Home saw a 4 1 increase in value.