Does Solar Panels Increase Home Value In Florida

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.

Does solar panels increase home value in florida.

Since the average system costs 10 000 18 000 in materials homeowners can reasonably expect to recoup the cost of the hardware when they choose to sell their home. 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. It can potentially increase the home s value by up to 4 1 more than comparable homes with no solar panels. The research finds that on average solar panels increase home value by 14 329 or 3 74 more than their non pv counterparts.

While the value of solar panels varies from place to place no metropolitan area saw home values drop due to solar panels according to zillow. Installing solar panels in a home not only helps to reduce current monthly utility bills. Despite the substantial cost to install solar power in florida your property and the resulting boost to your home s selling price you will be exempt from paying taxes on the value added to your home. Choosing renewable energy helps protect the planet.

Aside from the potential to increase a home s value solar panels offer a number of other benefits to homeowners. Solar panels are one of those tricky things we all like to believe increase the value of a home.