Question #11: What Effect Do Solar Panels Have on a Home's Value?

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Written by: Sarah Hancock | Best Company Editorial Team

Last Updated: October 31st, 2019

Topics: Solar FAQs

This is the eleventh question in a twelve-question series. Please click here to read the introduction, as well as access other questions in the series. Or, download the printable ebook to view the entire series.

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"They definitely increase the property values." -Geoff Mirkin

"In most cases, it is a neutral. Like a pool, some people like them, some don’t. If they like solar, it can add appeal and value, but if they don’t, it can detract." -Teris Pantazes

"This really depends on the knowledge of the appraiser and the real estate agent marketing a home. A system owned by the homeowner can appreciate the home's value if it is marketed correctly; however, a system that is leased does not add any value to the home, as these systems are someone else's property that are attached to the home." -Matt Stoutenburg

"Nationwide, the average home value is 15% higher if it has solar." -Julio Daniel Hernandez

"It’s a difficult one, as value is defined by what somebody is willing to pay. We think that PV panels will raise the value, as the running costs of the house are significantly reduced and there may be a long term income stream. Unfortunately, some solar PV installations are particularly ugly with the older blue and silver panels installed randomly on roofs; I think these types of installations would reduce curb appeal and reduce the value of properties." -Mark Stevenson

"This should increase home values tremendously. But, it depends on the buyer and value they place on it. There is certainly a market for it today, including a move towards net zero energy homes, which will include a sufficient amount of solar, among other energy efficient methods and technologies." -Greg Reed

Click here to go on to Question #12: What Advice Do You Have for Individuals Who Are on the Fence About Solar Energy?

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