Energy
Solar Panels Boost Home Values by Up to $79,000, New Study Finds
A study of more than 5,000 home sales found that properties with owned solar panels sold for 5-10% more than comparable homes without them. The premium translates to $39,500 to $79,000 in added value, though leased systems showed no consistent benefit.
Key Takeaways
- Homes with owned solar panels sold for 5-10% more, adding $39,500 to $79,000 in value
- Study analyzed 5,000+ home sales in California markets
- Leased or PPA solar systems showed no consistent resale value increase
- Typical 7.4 kW system costs ~$15,400 after tax credits, yielding 2.5-5x returns at resale
- Updates 2019 Zillow finding that solar added 4.1% to home values
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DT Editorial AI··via electrek.co