Do Solar Panels Raise The Value Of Your Home

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.

Do solar panels raise the value of your home.

After all they save homeowners a ton of money right. A solar equipped home could potentially add about 3 x 5 000 watts 15 000 to a home s value. According to the office energy efficiency and renewable energy the presence of solar panels adds at least 15 000 to the sales price. Studies linking solar panels to home value increases the appraisal journal cited researchers ruth johnson and david kaserman who report home value increases of about 20 for every dollar saved on annual energy costs.

It can potentially increase the home s value by up to 4 1 more than comparable homes with no solar panels. 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. The national residential solar system average of 5 kilowatts kw generates 5 000 watts of power. Solar panels are one of those tricky things we all like to believe increase the value of a home.

Their impact on your home s value. Simply put solar panels add both short term and long term value to your home. The berkeley lab study says that each watt of installed solar capacity adds around 3 to a home s value. Find everything you need to know about solar panels and solar installation costs.