Do Solar Panels Give You More Value On Your House

Solar is as reliable as the sun.

Do solar panels give you more value on your house.

Even better your home will also sell more quickly. Americans are investing in solar power installing enough systems to power 12 3 million homes in 2018 according to the solar energy industries association a trade group. But when buying or selling a home solar panels can add some complexity to the transaction. But buyer beware and do your homework.

Plenty of solar companies like to quote the savings you ll generate on the hottest and longest days of the year. Lbl finds that homes with solar panels will benefit from a solar premium when they are sold because. But whether or not those solar panels pay off depends on a lot of factors from the cost of electricity in your area to the shape of your roof. Says top 1 real estate agent thomas braunagel of bridgeport ct anybody can quote this super efficient july 15th but what really counts is when you average it out over the course of the year and this means factoring in the rainy months and.

Installing solar panels in a home not only helps to reduce current monthly utility bills. It can potentially increase the home s value by up to 4 1 more than comparable homes with no solar panels. Installing solar panels on your home makes no difference to how much it s worth according to two thirds 67 of estate agents. 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.

Just 8 of estate agents said they thought solar panels increased property value. Do solar panels increase a homes value an increasing number of homeowners are installing solar panels to save money. I invited him to my house to discuss installing a solar panel system or as it s officially called a photovoltaic power system. Solar panels really do add value to a home.

At a meeting i heard a representative of a large well known company tout how homeowners could get free electricity. Put the sun to work for you. The representative and his assistant measured the roof from the ground reviewed my power bill and made calculations while standing in my driveway. Adding sunrun solar panels and a brightbox home battery to your home may not only raise your property value it will give you control over your electricity usage protect you from power outages and help the environment.

According to the department of energy solar enabled properties spend up to 50 less time on the market. Better for the environment and capable of generating around half the electricity needed to run an average home solar panels have obvious benefits. But 17 said that solar panels decrease its value.