How Much Does Solar Panels Increase Home Value

After all they save homeowners a ton of money right.

How much does solar panels increase home value. Installing solar panels in a home not only helps to reduce current monthly utility bills. The berkeley lab study says that each watt of installed solar capacity adds around 3 to a home s value. Lbl says that each watt of solar adds about 4 to a home s value in california and about 3 per watt elsewhere. A 5 kilowatt kw solar system the national average will offer 5 000 watts of power.

It can potentially increase the home s value by up to 4 1 more than comparable homes with no solar panels. The national residential solar system average of 5 kilowatts kw generates 5 000 watts of power. 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. On average solar panels raise a home s value by 4 1 across the u s according to a new zillow analysis of homes across the country that s a boost of 9 274 on a 226 300 home according to the study.

Thus a home with solar should sell for about 4 x 5 000w 20 000 more in ca or still 3 x 5 000w 15 000 more outside of ca. A solar equipped home could potentially add about 3 x 5 000 watts 15 000 to a home s value. Studies linking solar panels to home value increases the appraisal journal cited researchers ruth johnson and david kaserman who report home value increases of about 20 for every dollar saved on annual energy costs.