How Will Adding Solar Panels Increase My Home Value

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.

How will adding solar panels increase my home value.

Ads by ad practitioners. Choosing renewable energy helps protect the planet. Aside from the potential to increase a home s value solar panels offer a number of other benefits to homeowners. 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.

One of those factors. It can potentially increase the home s value by up to 4 1 more than comparable homes with no solar 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. Multiple studies have shown that homes with solar panel systems are valued and sold at prices above similar homes in their area.

Their impact on your home s 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. 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.

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. Solar panels really do add value to a home.