Do Solar Panels Increase The Value Of Your Property

Installing solar panels in a home not only helps to reduce current monthly utility bills.

Do solar panels increase the value of your property.

Solar panels increase property value let s start with a thought experiment. 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. If the solar panels are financed considered personal property. Home saw a 4 1 increase in value.

However the average u s. Please do not get tricked talk to your lender because they are the subject matter expert not the solar companies. Say you were thinking about purchasing one of two identical homes right next to each other on the same street. The solar panels will increase value to your if you own them outright not financed.

Ultimately this depends on a variety of factors including the size of your home the number of solar panels added and the location of your home as certain areas see higher returns on investment. Solar panels are one of those tricky things we all like to believe increase the value of a home. Find everything you need to know about solar panels and solar installation costs. 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.