Do Solar Panels Give You More Value On Your House

Says top 1 real estate agent thomas braunagel of bridgeport ct anybody can quote this super efficient july 15th but what really counts is when you average it out over the course of the year and this means factoring in the rainy months and.

Do solar panels give you more value on your house. Solar panels really do add value to a home. Put the sun to work for you. Just 8 of estate agents said they thought solar panels increased property value. At a meeting i heard a representative of a large well known company tout how homeowners could get free electricity.

But whether or not those solar panels pay off depends on a lot of factors from the cost of electricity in your area to the shape of your roof. Installing solar panels on your home makes no difference to how much it s worth according to two thirds 67 of estate agents. Installing solar panels in a home not only helps to reduce current monthly utility bills. But 17 said that solar panels decrease its value.

It can potentially increase the home s value by up to 4 1 more than comparable homes with no solar panels. Marjorie youngren is a broker at century 21 commonwealth in lynnfield. Once you move you receive a much higher asking price for your home often more than what you initially paid to have the panels installed in the first place. According to the department of energy solar enabled properties spend up to 50 less time on the market.

Plenty of solar companies like to quote the savings you ll generate on the hottest and longest days of the year. But when buying or selling a home solar panels can add some complexity to the transaction. Americans are investing in solar power installing enough systems to power 12 3 million homes in 2018 according to the solar energy industries association a trade group. I invited him to my house to discuss installing a solar panel system or as it s officially called a photovoltaic power system.

Adding sunrun solar panels and a brightbox home battery to your home may not only raise your property value it will give you control over your electricity usage protect you from power outages and help the environment. Do solar panels increase a homes value an increasing number of homeowners are installing solar panels to save money. If you are thinking about purchasing a solar system for your home the study s conclusions should give you a boost of confidence that you are making a smart investment. Better for the environment and capable of generating around half the electricity needed to run an average home solar panels have obvious benefits.

Solar is as reliable as the sun. But buyer beware and do your homework. Even better your home will also sell more quickly.