Are solar panels worth it?

While an investment in solar energy can pay for itself over time, it likely isn’t worth it for the increase in your home’s resale value alone. You can maximize the value of your solar panels by properly maintaining them and taking advantage of government tax credits or rebates.

Do solar panels increase property value?

However, another primary benefit of installing solar panels on your property is their ability to increase the home’s overall value. Various factors, such as the property’s location, energy savings and the general appeal of solar energy to potential buyers, can influence the extent of this value increase.

Do solar panels increase resale value?

In fact, one study by Zillow confirmed that solar installations increase a home’s resale value by up to $5,911 for each kilowatt of solar panels installed, and another estimated an increase of 4.1% of the home’s value. Where do these figures come from, exactly?

Does solar add value to your home?

As long as you’ve purchased (rather than leased) solar panels or shingles, going solar can add to the value of your house. Where you live has a significant impact on what your home-value increase will be, however. Homes in states with bigger solar incentives and bigger solar markets may see bigger price differences. Some of these states include:

Will a new solar system increase my home value?

Other factors influence how much your home’s value might rise, such as: Age of your solar system. If your panels or shingles are nearing the end of their productive years, your home value won’t rise as much with a system that's fairly new (less than 10-15 years old).

Does a solar home have a resale value?

A solar home’s resale value can also decrease depending on the age and condition of its roof under the solar panels and whether the buyer will be subject to a maintenance contract or other commitment. Switch to solar with a system built for you.