Solar Panels Resale Value

Posted by Solar Expert on February 12, 2020

Reselling Solar

As homeowners ourselves, we know that we don’t even replace a light bulb in our home without contemplating its effect on the resale value of our home.

If you’re like the majority of Americans, your home is your biggest investment, and you don’t want to do anything to compromise that.

The old school mentality was that solar panels intimidated home buyers and could make your home more difficult to sell, or somehow decreased the value of your home. You may have heard this myth circulating as well.

So what is the truth? What is the value of solar when it comes to reselling your home?

We’ve got news that may surprise you. Solar panels increase home value…by a LOT!

Recent research from Zillow, the real estate valuation site, proves that homes with solar panels sell for more money than homes without. The national average increase in sale price due to the value of solar is 4.1%, or $9,274. See the article here: Solar Panels Increase Home Value.

And, if you think about it, that makes a lot of sense (and cents). If you were looking at two homes side by side that were exactly the same in every way except that one home had solar panels and one didn't, which would you choose? House #1, that you knew had a $300 per month electric bill, or House #2, that you knew had a $200 per month electric bill? That $100 savings per month, or $1,200 per year, adds up quickly. Over a twenty year period, $100 per month is $24,000, right in your pocket!

And that doesn't even count the effect of normal utility cost inflation, which means the actual savings would be much greater, assuming even a modest annual inflation rate.

Solar panel systems are expected to last 30 years (or more), so owning a home that has an energy bill that is 33% less is a great long term investment. Even if you only live in it for 5-7 years and save only $6,000-$8,400 while you own it, the person who buys it from you after that can do the same math and figure out your home is worth a lot more with solar than without it.

So, why don't you give us a call or send us a message here at DFW Solar Electric? We'll give you a free and easy no-obligation estimate of how much solar can save you each month on your energy bill, and then you can increase the resale value of your home too!

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