Does Solar Increase Home Value In Utah

During the past year homes with solar energy systems sold for 4 1 more on average than comparable homes without solar power.

Does solar increase home value in utah. The same will apply if you purchased the solar energy system with a loan. The property value will increase in keeping with the current market value you in your area however the real savings are with your energy costs as pointed out above. So the answer is yes solar panels will increase the value of your utah home and you should call solar power utah today for a free consultation. A 5 kilowatt kw solar system the national average will offer 5 000 watts of power.

Rick berry of bluffdale utah said his august power bill was only 60 this year after installing a partial system compared to the previous year when his august bill was almost 400. Installing solar panels in a home not only helps to reduce current monthly utility bills. You will probably enjoy and recoup the costs of your investment but there is no guarantee the solar panel system will increase the value of your home. For the median valued home that translates to an additional 9 274.

Solar panels that were purchased outright are usually counted as a real estate addition to the home by home appraisers. Home saw a 4 1 gain in value that boost varies from place to place. Aside from the potential to increase a home s value solar panels offer a number of other benefits to homeowners. After all they save homeowners a ton of money right.

Lbl says that each watt of solar adds about 4 to a home s value in california and about 3 per watt elsewhere. The study controlled for the home s attributes like bedrooms bathrooms square footage age and location to determine an area s solar panel boost. What are the other perks of having a solar powered home. Not only can adding solar panels to a home save energy costs and help the environment it also can potentially increase a home s value.

Do solar panels increase home value everywhere. Solar panels are one of those tricky things we all like to believe increase the value of a home. While the average u s. If you are looking at realizing your investment this would add a substantial amount to your home if the remaining area has not converted to solar and or alternative fuel sources.

A solar equipped home could potentially add about 3 x 5 000 watts 15 000 to a home s value. It can potentially increase the home s value by up to 4 1 more than comparable homes with no solar panels. On twitter on facebook on google. Says real estate agent aaron zapata of inman according to fha and fannie mae whether solar panels add value or are viewed as a liability is still unclear.

Thus a home with solar should sell for about 4 x 5 000w 20 000 more in ca or still.