The National Renewable Energy Laboratory offers a useful guide when determining how much your property’s value will go up. According to its research, each additional $1 in energy bill savings (from your solar system) adds $20 to your home’s total value.
This rule of thumb varies depending on a number of factors, including the location of your home, the size of the installation, and the value of your home.
The property value advantages of solar energy only increase as you scale up!
It’s important to note that these statistics only apply to today’s housing prices and utility rates. As electricity prices increase, the advantages of solar energy rise proportionally as well.
In addition, installing solar panels not only helps you fetch a higher asking price but it can also help your home sell much faster than properties without solar. For homeowners who want to accelerate the selling process, going solar can be a huge advantage.
When selling your home, partnering with a solar-certified realtor can make the process incredibly smooth and effortless! For homeowners wanting to accelerate the selling process, learn who our solar-certified realtors are.
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