Do Solar Panels Increase Home Value In Colorado

It can potentially increase the home s value by up to 4 1 more than comparable homes with no solar panels.

Do solar panels increase home value in colorado. Get a free quote to start saving money on utilities help save the environment and saving with solar rebates and solar leasing. Keep in mind the numbers above are based on an average home in colorado. Solar panels are becoming the most common way to modernize your home and increase its value. It s like planting 123 trees a year every year your solar power system is humming.

Installing solar panels in a home not only helps to reduce current monthly utility bills. For the median valued home that translates to an additional 9 274. If the solar panels are financed considered personal property. A recent study concludes that solar panels increase home value by 26 000 on average.

The solar panel industry boasts an added home value increase of 15 000 20 000 on average largely due to nearly immediate power bill savings. Not only can adding solar panels to a home save energy costs and help the environment it also can potentially increase a home s value. Buyers simply are not willing to pay more for a home with solar. If there are 2 identical homes and one has lower utility bills due to solar a buyer may prefer that one over the other but won t pay a premium for it.

One of the strongest arguments for solar energy is that it s an investment that pays for itself. It s important to note however fannie mae states that leased solar panels cannot be included in a home s valuation. Homes equipped with solar power systems sell for 3 74 more than comparable non solar properties. Please do not get tricked talk to your lender because they are the subject matter expert not the solar companies.

Get a free quote. The solar panels will increase value to your if you own them outright not financed.