How Will Adding Solar Panels Increase My Home 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.

How will adding solar panels increase my home value.

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. Aside from the potential to increase a home s value solar panels offer a number of other benefits to homeowners. 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.

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. Choosing renewable energy helps protect the planet. Their impact on your home s value. Multiple studies have shown that homes with solar panel systems are valued and sold at prices above similar homes in their area.

Installing solar panels in a home not only helps to reduce current monthly utility bills. 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. One of those factors.

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. Ads by ad practitioners.