Logically, it’d make sense that the solar home’s value would be significantly higher than the home without solar panels. But the question is by how much more?
According to the Office of Energy and Renewable Energy (EERE), you will be able to significantly increase your home’s value when you install a solar energy system. Research indicates that the more solar panels there are on the roof, the higher the value of the home – with an estimated increase of almost $6,000 per kilowatt of solar energy. This indicates a rise of over $29,000 in the retail value of the home for a 5-kilowatt installation. Several buyers across the country will be willing to pay approximately $15,000 more for a home equipped with an average-sized solar panel.
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