Solar panel increase home value?
Solar panel install increase home value?
Any realtors out there or recent home sellers have any experience with whether solar panels increase home values? I’m on the fence on an install but it’s not really cost-effective unless we add an Electric vehicle. We’re in El Cerrito if it matters.
I did see a LBNL study saying that buyers were willing to pay a premium of $15,000 for a home with the average-size solar photovoltaic system (3.6 kilowatts, or 3,600 watts), compared with a similar home without one.
Thanks!
Jan 29, 2023
Parent Replies
If you are talking about a leased solar panels, they are a negative for home value. The subsequent buyer is forced to take on your lease, which was optimized for your power usage. Owned panels are a positive, but have a negative return on investment.