Do Houses With Solar Panels Sell For More

Homes with solar energy systems often sell for more than comparable homes without solar power.

Do houses with solar panels sell for more. During the past year homes with solar energy systems sold for 4 1 more on average than comparable homes without solar power. Buying a solar energy system will likely increase your home s value. 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. Directly contradicting this zillow has released a report stating that homes with solar panels sell for 4 1 more than their generation naked counterparts.

But typically the solar systems don t add a material amount of monetary value to the home. Solar panels can make a home more attractive to a particular set of buyers and help get an offer sooner and perhaps at a higher percentage of the list price says dan hamilton a top selling agent in palm desert california. For the median valued home that translates to an additional 9 274. 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.

The sale premium varies substantially by market. Selling a house with owned solar panels is more straightforward than selling a home with leased panels. 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.