Do Solar Panels Raise The Value Of Your Home

After all they save homeowners a ton of money right.

Do solar panels raise the value of your home.

Studies linking solar panels to home value increases the appraisal journal cited researchers ruth johnson and david kaserman who report home value increases of about 20 for every dollar saved on annual energy 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. Their impact on your home s value. According to the office energy efficiency and renewable energy the presence of solar panels adds at least 15 000 to the sales price.

The national residential solar system average of 5 kilowatts kw generates 5 000 watts of power. Solar panels are one of those tricky things we all like to believe increase the value of a home. A solar equipped home could potentially add about 3 x 5 000 watts 15 000 to a home s value. It immediately ups the price because these panels make the home more modern and attractive.

The berkeley lab study says that each watt of installed solar capacity adds around 3 to a home s value. Find everything you need to know about solar panels and solar installation costs. It can potentially increase the home s value by up to 4 1 more than comparable homes with no solar panels. Simply put solar panels add both short term and long term value to your home.