Do Solar Panels Raise The Value Of Your Home

Their impact on your home s value.

Do solar panels raise the value of your home.

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. It can potentially increase the home s value by up to 4 1 more than comparable homes with no solar panels. A solar equipped home could potentially add about 3 x 5 000 watts 15 000 to a home s value. Installing solar panels in a home not only helps to reduce current monthly utility bills.

The national residential solar system average of 5 kilowatts kw generates 5 000 watts of power. 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 immediately ups the price because these panels make the home more modern and attractive. Solar panels are one of those tricky things we all like to believe increase the value of a home.

Simply put solar panels add both short term and long term value to your home. After all they save homeowners a ton of money right. Find everything you need to know about solar panels and solar installation costs. The berkeley lab study says that each watt of installed solar capacity adds around 3 to a home s value.