Does Solar Panels Increase Home Value In Florida

While the value of solar panels varies from place to place no metropolitan area saw home values drop due to solar panels according to zillow.

Does solar panels increase home value in florida.

Choosing renewable energy helps protect the planet. Despite the substantial cost to install solar power in florida your property and the resulting boost to your home s selling price you will be exempt from paying taxes on the value added to your home. After all they save homeowners a ton of money right. It can potentially increase the home s value by up to 4 1 more than comparable homes with no solar panels.

Installing solar panels in a home not only helps to reduce current monthly utility bills. Since the average system costs 10 000 18 000 in materials homeowners can reasonably expect to recoup the cost of the hardware when they choose to sell their home. The research finds that on average solar panels increase home value by 14 329 or 3 74 more than their non pv counterparts. Alongside the utility savings this is a great selling point when listing your home on the real estate market.

Aside from the potential to increase a home s value solar panels offer a number of other benefits to homeowners. A home that uses the power of the sun to produce electricity reduces the need for burning fossil fuels which emit greenhouse gases like carbon dioxide co 2.