Do Houses With Solar Panels Sell For More

Buying a solar energy system will likely increase your home s value.

Do houses with solar panels sell for more.

This premium is largely reflective of the future energy cost savings associated with system currently there are enough solar electricity systems installed in the u s. Selling a house with owned solar panels is more straightforward than selling a home with leased panels. The sale premium varies substantially by market. But typically the solar systems don t add a material amount of monetary value to the home.

To power 12 3 million homes iii. For the median valued home that translates to an additional 9 274. The premium was calculated by comparing sale prices and listings from march 1 2018 to february 28 2019 controlling for bedrooms bathrooms square footage and location. A recent study found that solar panels are viewed as upgrades just like a renovated kitchen or a finished basement and home buyers across the country have been willing to pay a premium of about 15 000 for a home with an average sized solar array.

Directly contradicting this zillow has released a report stating that homes with solar panels sell for 4 1 more than their generation naked counterparts. In riverside calif for example homes with solar energy systems sold for 2 7 more than comparable homes without solar power a markup of 9 926 for the median valued home in the metro. Homes with solar energy systems often sell for more than comparable homes without solar power.