Do Solar Panels Add Value To Our House

If you are thinking about purchasing a solar system for your home the study s conclusions should give you a boost of confidence that you are making a smart investment.

Do solar panels add value to our house.

Choosing renewable energy helps protect the planet. Estate agents feedback suggests that installing solar panels will not increase the value of your home when you come to sell it. This additional financial commitment makes it harder to market and sell the property. In terms of resale john distefano president of first fidelity appraisal services of new england said solar panels are growing in popularity.

It may not be surprising but the main reason solar panels could add value to your home is probably the same reason you got them installed in the first place. Whether you have the. The professional estate agents body is naea propertymark its chief executive mark hayward explained that solar panels are unlikely to feature in the valuation models of estate agents or mortgage providers. Solar panels really do add value to a home.

According to zillow homes with solar energy systems sell for 4 1 percent more on average than comparable homes without solar power. They re on very few people s shopping lists at the moment. A home that uses the power of the sun to produce electricity reduces the need for burning fossil fuels which emit greenhouse gases like carbon dioxide co 2. Just how much do solar panels add value to your house.

Many appraisers are taking the position that there is no added value and perhaps some diminished value with leased solar panels because the buyer must assume the lease. Installing solar panels in a home not only helps to reduce current monthly utility bills. 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 while many websites selling solar will lead you to believe it s the best possible investment for your home the true benefits of solar especially for a potential buyer interested in your home depend on quite a few factors. Aside from the potential to increase a home s value solar panels offer a number of other benefits to homeowners.

For one thing they don t work for every home design. Therefore leased solar panels are likely to be value neutral on the appraisal. Adding solar panels to a home not only helps save money on energy costs but also has the potential to increase the overall value. It can potentially increase the home s value by up to 4 1 more than comparable homes with no solar panels.

As to solar panels owned by the homeowner the appraiser noted that there had been.