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Unlock the Value of Your Home: How Installing Solar Increases Your Home’s Sale Price & Attracts Buyers Faster
Installing solar panels on your home is a smart investment, not only by saving on energy costs, but also by increasing the overall value of your property.
According to the National Renewable Energy Laboratory, every dollar saved on electricity bills with solar panels can increase a home’s value by $20. Additionally, research from Zillow has found that homes with solar panels can sell for up to 4% more than those without them.
The demand for solar energy is at an all-time high, as more and more home buyers look for ways to save money and reduce their environmental footprint.
However, the effect solar panels have on a home’s value can vary depending on location. Generally, states and cities with high solar demand such as California, Colorado, Massachusetts, New York, New Jersey have a greater potential for increased home value. I will also add Connecticut to this list as the state has seen some dramatic increases in utility electrical charges.
Other factors that can influence the added value of solar include local energy costs, the cost of solar panel installation, the frequency of power outages in the…
