Whether you are buying or selling a home with solar panels, you may find yourself asking, “Do solar panels increase the value of a home?” The answer is, yes! Not only do solar panels cut your electric costs, a standard solar panel system has the potential to add up to $15,000 to the value of your home.
It is important to note that while the value of your home does increase, so will the cost of your homeowner’s insurance; as it is based on the value of your property. However, it is a small price to pay once you consider all of the benefits that come with adding solar panels to your home.
Solar panels are becoming more popular among home buyers, making them a feature that appraisers take note of while assessing your property. When selling your house, be sure to mention ‘solar panels’ in your listing – the fact that your home can produce its own electricity will allow you to increase your asking price.
This is a sponsored post from SolarReviews.