Does my property value rise when installing solar panels?
One of the big goals of any home improvement project is for that work to increase your home’s value. Maybe you want a jetted bathtub the size of Texas in your master bathroom, or perhaps you want engineered hardwood floors throughout the ground floor of your home. You know those things are worth it because others already have seen the value in it too.
But if you’re new to solar, you may wonder if the beautiful 20-panel array you want installed at your home will add value too. An extensive research project published in 2015 and supported by funding from the U.S. Department of Energy indicates that it will.
Research by Lawrence Berkeley National Laboratory found that, “home buyers consistently have been willing to pay more for a property with PV (solar panels) across a variety of states, housing and PV markets, and home types.”
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The report tracked home sales data from 2002-2013 across eight states, including California, Connecticut, Florida, Massachusetts, Maryland, North Carolina, New York and Pennsylvania. Every sale they tracked involved a solar system that was homeowner-owned instead of leased. That’s important to note, because Power Home Solar exclusively sells systems instead of leasing them.
On average, sellers were able to command a premium of $3 a watt or more for their systems, depending on where they lived. For a home-panel array with 20 295-watt panels, that would add nearly $18,000 of value to your home. So not only are you saving money by switching to solar, research indicates that solar panels build the value of your home, too.
With our innovative solar program, homeowners in our five-state coverage area can go solar for $0 up-front cost, save money on their electric bills, and generate their own clean energy. The solar panels installed on your home are American made and come with a 25-year warranty, with many panels expected to last well beyond that.
Please feel free to fill out the form below or contact Power Home Solar at 800-765-2715, and one of our solar representatives will help you determine whether your home qualifies for this program.