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.

Do houses with solar panels sell for more.

But typically the solar systems don t add a material amount of monetary value to the home. Buying a solar energy system will likely increase your home s value. 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. When you own your solar energy system outright you ll likely get more money for your home potential home buyers are willing to pay more for owned systems than leased systems and enjoy a more straightforward sales process. 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. To power 12 3 million homes iii.

The premium was calculated by comparing sale prices and listings from march 1 2018 to february 28 2019 controlling for bedrooms bathrooms square footage and location. 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. 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.