Do solar panels increase the value of my home?
One of the considerations people have when making an investment in solar is whether or not solar panels increase the value of your home. Many are concerned that it, in fact, could hurt the resale value of a home, even if it saves money on electricity bills. It is a little different than painting a bathroom or even installing a new sink - it's changing how energy is used. It is a home improvement project and one that you cannot DIY.
There is good news. In addition to saving money on your monthly electric bill, adding solar to your house can increase its value. According to a 2019 Zillow study, homes with solar sell for an average of 4.1% more than homes without solar.* For example, on a $500,000 home that could mean an additional $20,500 of value from solar alone, increasing the value of your home. In fact, more than 80% of homebuyers say energy-efficiency features (such as solar) are important to them.1 And when you take into account the possibility of added home value - plus any applicable incentives* — the solar investment can quickly pay for itself.
Another question people have about solar, tied to the value of their house, is about aesthetics. They want the benefits, but how will it look? SunPower® panels are sleek and modern and come in SunPower® Signature™ Black, designed to blend harmoniously into your roof. Combined with our premium, low-profile InvisiMount® mounting system, they complement any architectural style. SunPower® panels also require less space to meet your needs – leaving room to expand in the future and having a smaller roof-footprint.
SunPower® systems are also covered by our 25-Year Complete Confidence Warranty, the only home solar warranty to cover your whole system – not just the panels. So, you'll never have to wonder which company to contact.
- *. Source: "Homes With Solar Panels Sell for 4.1% More" Zillow Economic Research - Analysis of listing descriptions and sales transactions between 3/1/18-2/28/19. Comparison values made in New York, NY, Orlando, FL, San Francisco, CA, Los Angeles, CA and Riverside, CA. The actual impact on home values will vary.
- *. Incentives, rebates and tax credits vary and are subject to change. SunPower does not warrant, guarantee or otherwise advise its partners or customers about specific tax outcomes. Consult your tax advisor regarding the solar tax credit and how it applies to your specific circumstances. Please visit the dsireusa.org website for detailed solar policy information.