Do Solar Panels Increase Your Property Value
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Do solar panels increase your property value. The office of energy efficiency and renewable energy says that a solar energy system will likely increase your home s value and that buyers across the country have been willing to pay a premium of approximately 15 000 for a home with an average sized solar array. After all they save homeowners a ton of money right. Installing solar panels in a home not only helps to reduce current monthly utility bills. Yes installing solar panels will increase the market value of your home by at least the cost of the system.
Please do not get tricked talk to your lender because they are the subject matter expert not the solar companies. Solar panels are one of those tricky things we all like to believe increase the value of a home. 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. Do solar panels increase your property value.
If the solar panels are financed considered personal property. Per the national renewable energy laboratory every 1 of savings generated from a solar energy system will add 20 to your home s market value when you decide to sell.