Do Solar Panels Increase Home Value In Colorado

Solar panels are becoming the most common way to modernize your home and increase its value.

Do solar panels increase home value in colorado.

The solar panels will increase value to your if you own them outright not financed. Please do not get tricked talk to your lender because they are the subject matter expert not the solar companies. If there are 2 identical homes and one has lower utility bills due to solar a buyer may prefer that one over the other but won t pay a premium for it. It s like planting 123 trees a year every year your solar power system is humming.

In addition to all that cash and home value you ve created some green for the earth as well by not using electricity from fossil fuels. Installing solar panels in a home not only helps to reduce current monthly utility bills. During the past year homes with solar energy systems sold for 4 1 more on average than comparable homes without solar power. A recent study concludes that solar panels increase home value by 26 000 on average.

For the median valued home that translates to an additional 9 274. Get a free quote. 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.

Get a free quote to start saving money on utilities help save the environment and saving with solar rebates and solar leasing. Buyers simply are not willing to pay more for a home with solar. If the solar panels are financed considered personal property. It can potentially increase the home s value by up to 4 1 more than comparable homes with no solar panels.

Not only can adding solar panels to a home save energy costs and help the environment it also can potentially increase a home s value. Keep in mind the numbers above are based on an average home in colorado.