Here’s a fun fact: the love story between solar panels and property value is anything but dull! Contrary to the myth, most of the time, installing a solar panel system will actually boost your home’s resale value. Picture this: a study showed that for every dollar saved on your annual utility bill, your home’s value could jump by an average of $20.
Of course, this value boost can play hide and seek depending on where you live, current market conditions, and climate. As solar technology becomes more familiar, its impact on property values is expected to settle down and play nice.
Keep in mind, this value increase usually applies to homeowners who fully own their solar systems. For homes with leased panels, a lien might be attached, potentially playing hard-to-get with buyers. The charm of such homes will largely depend on how much potential buyers value renewable energy. So, go ahead and get those solar panels—they just might give your property a dazzling edge!
