How Much Does Solar Increase my Home’s Value?

January 04, 2021

The National Renewable Energy Laboratory offers a helpful guide when determining how much your home value will go up. According to its research, each additional $1 in energy bill savings (from your solar system) adds $20 to your home’s total value.

The property value advantages of solar energy only increase as you scale up!

It’s important to note that these statistics only apply to today’s housing prices and utility rates. As electricity prices increase, the advantages of solar energy rise proportionally. With the consistent increase in energy costs, the value of solar energy continues to grow. With this proportionate increase, homebuyers are eager to purchase solar-powered homes.

In addition, installing solar panels not only helps you fetch a higher asking price, but it can also help your home sell much faster than properties without solar. Going solar can be a huge advantage for homeowners who want to accelerate the selling process.

How Much Does Solar Increase my Home's Value? Find out!

Lastly, potential homebuyers are quick to recognize the benefits of solar energy. They can take advantage of lower energy costs, tax benefits, and clean, renewable energy. Appraisers will adjust the home’s value when selling a home with an installed solar system. These adjustments vary based on the size and efficiency of the system, but they always result in a higher asking price. 

Partnering with a solar-certified realtor can make the process incredibly smooth and effortless when selling your home. Solar-certified realtors specialize in marketing and peddling home with solar systems. These professionals are experts at managing expectations and garnering homebuyer interest in solar energy. For homeowners wanting to accelerate the selling process, learn who our solar-certified realtors are.

Contact us today for a free consultation with one of our solar experts!