Solar Panels Increase Property Value? | Sunsolar Solutions

Do Solar Panels Increase Property Value?

Solar Panels Increase Property Value

This one is a common question. We understand, it’s an investment to get solar panels and you just want to make sure if it’s all worth it. And we’re here to tell you – it definitely is.

By adding solar panel systems to your home, you are increasing the value of your home when compared to the other properties in your area. A recent study done by Zillow found that homes with solar sold on average of 4.1% more, and higher in areas with higher electric rates and bigger solar systems.

Good for the bills, good for the environment, good for you!

Not only do solar panels add to your contribution in saving the environment, but they’re also a great way to save a few extra bucks on your electricity bill – which makes it a major attraction for potential buyers. These work exceptionally well for states with higher electricity costs such as Arizona where utility companies continue to raise their rates year-over-year. 

Factors like the size of your home are also crucial to boosting the value of your home in this case as larger properties are bound to raise their value exponentially once equipped with solar panel services. Likewise, the number of solar panels you add will also have a direct impact on your property’s value as more solar panels (and those of better quality) will attract more buyers.

Due to the long-term benefits of solar panels, studies have also shown that a home with solar power sells faster than a home without solar.

Need help? We’ve got you covered.

If you require any other assistance regarding solar panels, their value, and installation services, get in touch with our team at Sunsolar Solutions and we’ll provide you with all the necessary information.

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