Do solar panels add to home value

Do solar panels increase the value of your home?

Homes with rooftop solar sell for over 4% more than equivalent houses, according to Zillow. There are many benefits of solar panels that homeowners know about -- they lower your energy bill, reduce your carbon footprint and can even earn you a healthy tax credit. But did you know going solar also increases the value of your home?

Do solar panels increase resale value?

In fact, one study by Zillow confirmed that solar installations increase a home’s resale value by up to $5,911 for each kilowatt of solar panels installed, and another estimated an increase of 4.1% of the home’s value. Where do these figures come from, exactly?

How much do solar panels add to a home?

This is an increase from the 4.1% figure found by Zillow in a 2019 study. With the median value of a home in 2024 at around $417,000, solar panels could add over $28,000 in value! Keep in mind that every home's situation is different, and several factors will impact how much solar panels increase your home’s value.

Will a new solar system increase my home value?

Other factors influence how much your home’s value might rise, such as: Age of your solar system. If your panels or shingles are nearing the end of their productive years, your home value won’t rise as much with a system that's fairly new (less than 10-15 years old).

How much value do solar panels add?

How much value solar panels add depends on several factors, including where you live, your local electricity rates and how you paid for your system. If you live in a state with high energy rates, solar panels will likely have a more significant impact on your home’s value.

Do solar panels increase property taxes?

Because installing a solar panel system increases your home value, your property taxes may increase as well. However, many states have introduced laws that exclude solar equipment from sales tax or property tax.