Do Solar Panels Increase Home Value?

June 07, 2022

A great reason to go solar is to save money on your power bill long term, but what many don’t realize is that solar is an excellent option for people planning to move as well. Solar not only looks great, but solar panels increase home value as well! Homes with solar sell 20% faster than those without; adding solar is a good investment if you plan on selling!

An Appreciating Asset

Solar builds equity in your home, and is seen as an appreciating asset. Just like any upgrade, having solar adds additional value to your home. Keep in mind the added value to your home depends on a number of factors including the location of your home, the size of the installation, and the value of your home.

Buyer’s Incentives for GOING Solar

Purchasing a home with solar is a very attractive feature for buyers because you’re investing in yearly savings throughout your system’s lifetime! Your power bill will drastically decrease or potentially be non-existent with solar.

Seller’s Incentives for Going Solar

Those anticipating to sell are often hesitant to go solar because they don’t think it will be beneficial to them or their wallets. According to the U.S. Department of Energy, buyers are willing to pay 10% more for a home if it has solar! 80% of buyers look for energy efficiency upgrades when house hunting, so as a seller going solar makes sense!

Whether you’re a buyer or a seller, it’s important to understand the full benefits of going solar. Interested in learning more? Schedule a free consultation today and see if solar is right for you.