1-800-513-4112 While it’s been shown that installing solar panels can save you money on your electric bills, many homeowners are curious how solar cells will affect the resale value of their home. The US Government attempted to answer this question with a study conducted in 2011. They found that homes in California averaged a $17,000 rise in the value of their home versus similar homes with no solar system in place. For most, this will be near or greater than the total cost of their system. And the direct savings on their utility bill, combined with rebates and tax credits, make the economic impact of solar cells even higher.
It’s important to note, too, that this study was conducted in 2011. The cost of solar has been falling steadily for years, and getting more productive at the same time. Homeowners installing relatively new systems should find that the rise in value will nearly immediately offset any costs incurred during installation.
