Do Solar Panels Increase Home Value In Colorado

For the median valued home that translates to an additional 9 274.

Do solar panels increase home value in colorado.

Buyers simply are not willing to pay more for a home with solar. Homes equipped with solar power systems sell for 3 74 more than comparable non solar properties. Installing solar panels in a home not only helps to reduce current monthly utility bills. It s important to note however fannie mae states that leased solar panels cannot be included in a home s valuation.

Keep in mind the numbers above are based on an average home in colorado. The solar panel industry boasts an added home value increase of 15 000 20 000 on average largely due to nearly immediate power bill savings. The solar panels will increase value to your if you own them outright not financed. During the past year homes with solar energy systems sold for 4 1 more on average than comparable homes without solar power.

One of the strongest arguments for solar energy is that it s an investment that pays for itself. It can potentially increase the home s value by up to 4 1 more than comparable homes with no solar panels. Get a free quote to start saving money on utilities help save the environment and saving with solar rebates and solar leasing. If the solar panels are financed considered personal property.

Solar panels are becoming the most common way to modernize your home and increase its value. If there are 2 identical homes and one has lower utility bills due to solar a buyer may prefer that one over the other but won t pay a premium for it. Please do not get tricked talk to your lender because they are the subject matter expert not the solar companies. In addition to all that cash and home value you ve created some green for the earth as well by not using electricity from fossil fuels.

Get a free quote. It s like planting 123 trees a year every year your solar power system is humming.