Updated: Sep 17, 2019
Increase Home Value 3-4% By Installing a Solar Panel System
In U.S or Australia, several studies indicates that homes with solar panel systems are valued and sold at prices above similar homes in their area. Early studies focused on established solar markets such as California found that home values increase by 4% or more when homes are equipped with solar panels.
There are many same factors drive your overall financial returns, whereas it increases in property values. Not surprisingly, the largest increases are in areas where electricity rates are high and solar sell back program exists. All of this is great news for property owners with solar PV systems. They not only recover their initial cost of their systems when they sell, but they also receive a premium that will increase their returns on their investment.
Recognizing that solar power systems add value to a property, the real estate industry is working to create more sophisticated methods for accurately determining the market value of solar, as well as the financial value of properties equipped with solar power systems.
Can Your Property Value Increase If You Lease Your Solar Panels?
Installing solar panels on your home can increase its value, but only if you own the system. If you install a solar panel system through a lease or Power Purchase Agreement (PPA), you are essentially “renting” it from the third-party owner. Since you don’t own the system, it cannot be included in assessments of your home’s value. Most studies about solar and home values focus exclusively on owned solar energy systems.