Solar Panels Increase Your Home’s Value
|Solar panels add value to your home because they provide savings on electricity, they’re durable and long-lasting, and they operate without maintenance or supervision. And despite these benefits, in most places they don’t increase your property taxes like other home improvements do.|
|Studies have been conducted to find if solar panels increase a home’s value. The average resale increase in California for a home with solar panels over a comparable home without them was found in a 2011 study to be $5.50 per installed Watt. That means a 5kW system can help your home sell for an extra $27,500!*|
|Of course, this may not always be the case, but value can take other forms. For example, the U.S. Department of Energy shows that homes with solar panels sell up to twice as fast as comparable homes without them.**
The bottom line: solar panels increase home value. An investment in solar energy pays off in the short term with monthly electric bill savings, and in the long term by increasing your home equity!