Do Solar Panels Increase Property Value?

A recent study concludes that solar panels increase home value by $26,000 on average. Homes equipped with solar power systems sell for 3.74% more than comparable non-solar properties.

One of the strongest arguments for solar energy is that it’s an investment that pays for itself. Any upfront costs are paid back in the reduction (or elimination) of energy bills, and solar customers can reasonably expect to see a return of at least 2-3 times their initial investment over the life of the system.

But those numbers assume you live in the same house for the full duration of the warranty – which often isn’t the case. And one of the reservations holding a lot of people back switching to solar is the fear that they might not live in their house long enough for the significant up-front investment to pay off.

Even if you don’t live in your home long enough to break even on energy costs, the premium that home buyers are willing to pay to move into your solar-ready home will be more than enough to cover the investment.