Solar Panels Increase Home Value

Installing solar panels can significantly increase your property’s value, according to a new study from the Lawrence Berkeley National Lab (LBL). The report, titled “Selling into the sun: Price premium analysis of a multi-state dataset of solar homes“, builds on previous research which concluded that homes with solar panels sold for more than those without.

Do solar panels add value to a house?

The new study investigates home pricing trends in Florida, Massachusetts, Maryland, North Carolina, New York, Connecticut, and Pennsylvania by analyzing the sales of over 20,000 homes in these states. LBL’s analysis of the housing markets in these other states shows that the premium paid for homes with solar is clear, solar panels really do add value to a home.

If you are thinking about purchasing a solar system for your home, the study’s conclusions should give you a boost of confidence that you are making a smart investment. LBL finds that homes with solar panels will benefit from a ‘solar premium’ when they are sold because buyers are willing to pay more for a home with solar panels.

How much does solar power increase home value?

Example: a 5 kilowatt (kW) solar system (the national average) will offer 5,000 watts of power. LBL says that each watt of solar adds about $3 to a home’s value in Florida and $4 in California. Thus, a home with solar should sell for about ($3 x 5,000W =) $15,000 more in FL or ($4 x 5,000W =) $20,000 in CA.

Specifically, in this state analysis, prospective buyers wondering if solar panels increase home value were pleasantly surprised. What is surprising about these figures is that they are very close to what you would pay for a brand new solar system today. Our own analysis of prices for 6kW solar systems in Florida reveals that some of the more expensive systems cost just over $3.50/W. And bear in mind that these prices are what you would pay before you take into account the generous 30% Federal tax incentive that is available.

All of this suggests that if you sell your house soon after you have a solar system installed, you will recoup most or all of your investment, even as you save money on your power bills. It also confirms what we’ve said before: Payback periods on solar power systems are not something to be overly concerned about. Your solar system will either increase your home value significantly should you decide to sell your house, or it will pay itself off in power bill savings before you move out. In both cases, solar is a sound investment.


What Are The Benefits Of Installing Solar Panels On Your Home

Sun has proved to be the biggest source of energy which is renewable and inexhaustible. Usage of solar energy has brought immense benefits to our lives in many different ways. It has revived our hope and confidence that somehow we can reduce pollution and green house effect on this earth, as the energy we derive is clean and pure. It is proving to be a good alternative to traditional electricity, which is derived from fossil fuels. Fossil fuels are non-renewable resources, along with causing harm to the environment when they are burnt to produce electricity. And they were limited in availability create a market with high demand which raises the prices of these resources, making them extremely expensive.

Installing Solar Panels on your homes is the most viable solution to fight against all the above-mentioned issues. Solar panels capture the heat of the sun and convert this energy into electricity, in the cleanest manner without leaving a carbon footprint on this environment. It definitely reduces the electricity bills that were burning holes in your pocket. With each passing year, you are going to experience the reduction in your bill. It is actually more of an investment which will reap you dividends in the long run. Secondly, you would receive tax benefits as the government encourages solar panel installation and appreciates your contribution to saving the environment in the cleanest and purest way possible. Thirdly, if you have installed solar panels on your property, it is going to increase your property value, which makes it more beneficial an investment which is going to bring lucrative returns whenever you decide to sell your property. Fourthly, installing solar panels is going to lead to greater energy security and less dependence on importing fuel from other countries.


If you partner your solar panels with battery backup, it is an added bonus as it generates power as well as helps you store the power to use it whenever you need it. The solar system liberates you from worrying about its maintenance which is almost negligible if installed by an expert who has the experience in this field and knows his job well.

Installation of the solar panel is too simple which has to go through the simple steps of consultation by the company which you find the most experienced and reliable. Here, it is important to do one’s homework and check the track record of the company. Design and engineering of the solar panel will be advised by the company depending on the location of the house and the amount of sunlight received. Finally, it is time to install and then to operate the system.

We at Property Solutions have been serving South Florida since 2004 by designing procuring, installing and maintaining the solar systems. We are State Certified Solar and Building Contractors, and all our products are well designed and most reliable. We are known for our commitment and dedication. We are a team of passionate workers who take pride in their work. Visit us and call us today for free consultation.

10 Questions To Ask Before Installing Solar Panels

Every day, more people are becoming aware of finding an alternative and sustainable means of heating and lighting for their homes. Solar power technology has propelled this need even further. Slowly but surely, more homeowners are opting for solar panels as their primary source of energy. Not only does it provide significant savings on your electricity bill but it definitely leaves a next-to-zero carbon footprint; a win-win situation for homeowners and the environment!

If you’re shopping for solar technology, be sure you ask and seek answers to the following questions:

#1. Does your area receive sufficient sunlight?

One of the most important requirements for solar panels is ample sunlight. This will help you enjoy significant energy savings from installing your panels. Research the weather conditions in your area over the past few years. Don’t forget to determine the amount of rainfall for your area.

#2. Is your roof adequate for solar panels?

Some roofs are better suited for solar panels over others. If your roof needs to be upgraded in the next few years, then installing panels is not a good idea. Once the panels are installed, they’re difficult to uninstall for roof repair or replacement.

In addition, examine the angle of your roof to determine the amount of sunlight it receives. If there are trees blocking your roof, you might want to get them trimmed before installing your panels.

#3. Which panel option is best for you?

There are many types of solar panel options. Before commencing shopping, be sure to know how to accurately evaluate solar panels. You want to find a balance between efficiency, quality, and budget.

#4. How much savings will you get from your panels?

This is a logical question and one that likely impelled you to consider solar panel technology. You should consider speaking to a friend or neighbor who is already enjoying the benefit of solar technology. In addition, speak to a couple of installers and request an estimate.


#5. Which installer should you hire?

To find the best installer, research the Internet for solar panel companies. Read their reviews left by previous customers. Call them and ask specific questions, i.e. about the installation process, hidden costs, savings, etc. Next, speak to a relative, friend or neighbor who is currently using solar technology. It will help you in your decision.

#6. Are your panels connected to the grid?

Based on the location of your home, will the power company be able to form a connection with your grid? Phone them ahead and discuss their fares. Don’t forget to research the law in your state regarding electricity. In some states, it takes longer to receive savings.

#7. Should you lease or purchase solar panels?

The answer to this will depend on your financial position. Some people fare better with one option over another. Carefully read the pros and cons of both options before making a final decision.

#8. What terms are stated in your contract?

If you reside in a rented building or opt to lease your panels, examine and understand your contract carefully. In some cases, landlords prohibit solar panel. Some leases clearly outline the types of buildings suitable for installation.

#9. How are the panels installed?

It is extremely important for you to know how panels are installed, i.e. safe panel installation. This prepares you to know how the process starts and finishes. It is a good way to gauge whether the installer is reliable or not.

#10 How do you maintain solar panels?

It’s easy to forget something that you don’t see every day, but solar panels must be cared for on a routine basis. There are simple ways to clean the debris off your solar panels. Depending on where you live, this needs to be done at least twice a year. Your installer will guide you on the method and cleaning solution required. Proper maintenance can increase the lifespan of your panels for up to forty years!

Purchasing solar panels is a rather important decision. There are many variables to consider. However, with a little research and by asking the right questions, you can take advantage of the earth’s sustainable energy. Investing in solar power technology is as good as saving money and reducing your carbon footprint.

To learn more about solar panel installation, get in touch with Pssolarsystems