Do Solar Panels Raise The Value Of Your Home

Find everything you need to know about solar panels and solar installation costs.

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. It can potentially increase the home s value by up to 4 1 more than comparable homes with no solar panels. Their impact on your home s value. A solar equipped home could potentially add about 3 x 5 000 watts 15 000 to a home s value.

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. One of those factors. The berkeley lab study says that each watt of installed solar capacity adds around 3 to a home s value.

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. According to the office energy efficiency and renewable energy the presence of solar panels adds at least 15 000 to the sales price. 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.