Will Solar Panels Add Value To My Home

According to research from the national renewal energy laboratory each kw of an installed solar panel system can add 5 911 to the value of your home.

Will solar panels add value to my home.

Solar panels really do add value to a 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. Solar panels can be used to heat your hot water and or create electricity for your home. Find everything you need to know about solar panels and solar installation costs.

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. Solar panels are one of those tricky things we all like to believe increase the value of a home. The typical home system produces 4 kw of power which would increase your home s value by 23 644. 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. As a nar designated green realtor i can tell you that this will add value to your home. 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. Buying a roof mounted solar system is a great way to make your property worth more.