Can Having Solar Panels Increase Your Home’s Value?

February 22, 2022

It seems everywhere you turn today mounting pressure to reduce energy usage and to be more environmentally responsible are being pushed. And with good reason. Conserving energy improves quality of life for all. It results in cleaner air quality, a healthier planet and it means we can sustain the resources we already have. Plus – reduced spending is a great cherry on top of those benefits.

For homeowners considering adding solar panels to their home, the question that usually comes up is whether the investment will actually increase the overall value of their property – and the answer is yes! Especially if you live in an area that’s already demanding solar power. In these areas, Zillow has found that homes are actually selling for more than homes without solar panels. So you’re looking at the possibility of getting additional money and selling quickly.

The overall value you can add to your home if you plan to sell will depend on a few factors when it comes to your solar panels. For instance, whether you own or rent the solar system will change how an appraiser values the overall property.

The good news is that increasingly, the public is becoming more green-conscious and most people want to do their part environmentally responsible. Buying a home that already offers these capabilities certainly makes it a more attractive buy.

Even prospective homebuyers who may not have energy savings on their mind will certainly be attracted to the cost savings aspect of solar panels as they will gain the ability to control their spending on power.

According to The National Renewable Energy Laboratory (NREL), the energy savings achieved with solar panels can add to the overall value. Its findings show that every dollar saved on energy through solar increases home value by $20.

Ready to talk solar? Our partners at SunPower have phenomenal offers right now for their popular panels made in North America and backed by a 25-year comprehensive warranty. All this plus SAVKAT, INC’s Concierge Service to guide you through the entire evaluation, design, permitting, installation, and rebate process!

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