Home values may increase up to 17% by installing a solar panel system!
homes with Solar systems are sold 22% faster
In a study conducted by Lawrence Berkeley National Laboratory, homes with solar (or PV) systems are sold, on average, 22% faster than surrounding homes without solar systems. The key finding in this study was that on average, homebuyers are “consistently willing to pay PV home premiums” of approximately $4 per watt of installed solar capacity (note: this study only covered homes where the solar PV system was owned, not leased). For a standard 6-kilowatt solar PV system, this means that solar can add $24,000 to your home’s resale value.