Do Solar Panels Increase The Value Of Your Home

Installing solar panels on your home can increase its value but only if you own the system.

Do solar panels increase the value of your home.

After all they save homeowners a ton of money right. 3 minutes installing solar panels can significantly increase your property s value according to a new study from the lawrence berkeley national lab lbl. Fannie mae and the fha recognize the value of a pps but will only recognize it for financing if you own the solar panel system. Why is solar energy so valuable.

The answer to that question is. Whether you re considering solar energy for your home or already have it it s worth learning what makes it so valuable to homebuyers and how solar panels can increase your home s value. If you install a solar panel system through a lease or ppa you are essentially renting it from the third party owner. Since you don t own the system it cannot be included in assessments of your home s value.

The study controlled for the home s attributes like bedrooms bathrooms square footage age and location to determine an area s solar panel boost. The report titled selling into the sun. While the average u s. Price premium analysis of a multi state dataset of solar homes builds on previous research which concluded that homes with solar panels in california sold for more than those.

It can potentially increase the home s value by up to 4 1 more than comparable homes with no solar panels. Installing solar panels in a home not only helps to reduce current monthly utility bills. Energy efficiency is great for the planet and your wallet. 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.