If you are a homeowner, you have probably been asking yourself, “do solar panels increase my home value?” Stacey Johnson from Money Talks News has answered this questions with a definitive yes, stating the average increase in value is around $14,000.
The actual amount that solar panels will increase your home’s value largely depends on where your house is located, the direction your home is facing, and also if solar is in high demand in your area. Typically research has shown that the value increase is around how much the solar system cost minus tax incentives. Southern Californians will most likely see higher increases in their home value, due to the popularity of going green with the amount of sun that is available year round. With California being the highest solar power generating state in the nation, along with upward trends in usage, potential home buyers will be looking for houses that are already mounted with a PV system.