Does having Solar installed on your home increase its value?

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February 04 2013 - Potrero Hill
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Answers (9)

No, but I have heard it does lower your electric bill quite a bit.
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April 28 2013
A greater concern is future homebuyers who see the panels as either needing too much maintenance or just being an eyesore. Heck even the solar panels on the White House eventually came down.
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February 04 2013
it won't add any value in my area
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February 04 2013
Profile picture for SoCal_Engr
"The value of a solar system is calculated by the offset of electricity bill. They are good for a warranty of 20 years. So if the bill is $200 month the value added for the next 20 years is $48,000."

Ummm....no. $48K is the projected cost of electricity over 20 years at an assumed $200/month. It is not "the value added..."

At best, you can talk in terms of "cost avoidance". Depending on the cost of the system, and whether it is financed or paid-up-front, the actual cost avoidance is going to be "something less than $48K" - and that doesn't even attempt to factor in any potential "future value of ..." nonsense.

So, the "value added" is a subjective value that a consumer would place on the monthly cash flow, balanced against the aesthetics of the solar panels.

BTW - I keep hearing about attempts to separate the infrastructure costs from the cost of the delivered electricity. What's going to happen to the "monthly savings" when the utilities successfully decouple the charges, and only pay for the generated electricity at the unbundled rate?
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February 04 2013
Profile picture for EugeneWilkie
Vince even a lease system reduces the monthly capital expense the amount is dependent on who is providing the lease. I try to explain to folks that the lease structure is rent to own furniture on steroids. I do agree that if a home owner is going to sale, the system should be owned as passing lease can be confusing and many just think if there is solar on the roof with no capital incentive for home owner it will enhance the value of the home. That is not so. If one is looking to put solar on their home please look at all financial options as there are many on the market now. 
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February 04 2013
Yes, but leasing solar systmes muddies the water. Value is typically increase, but by how much is a matter of opinion.......
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February 04 2013
Profile picture for EugeneWilkie
The value of a solar system is calculated by the offset of electricity bill. They are good for a warranty of 20 years. So if the bill is $200 month the value added for the next 20 years is $48,000. Tim I disagree that it does not add value to add solar before sale. I can show you some of the largest real estate firms that absolutely use solar as marketing for real estate. You have an asset that eliminates monthly capital expenditure. That can be be huge especially for first time owners  
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February 04 2013
I guess it will depend on the buyer and the location.  I am sure that in some parts of the country solar panels are more popular than in NH   In the event that you are thinking about installing them, and hoping that you can ask more for the property because of the solar panels, I would re-think the idea.
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February 04 2013
It is a lot like a swimming pool. Some will look at it as an expense to fill in, some will be neutral and others will find it a requirement. Would I suggest you do it before you sell for the purpose of making it more sell able? No, not at all.
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February 04 2013
 
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