Step 4: Solar Home Value

Going solar could positively influence your home’s value and time on market.

The future value of your home

Studies are emerging across the United States showing that homes with solar systems are selling faster and at greater prices than non-solar homes. 

Recognizing that solar systems may add significant value to a property, the real estate industry is working to create better methods for accurately determining the market value of properties equipped with solar systems. 

It’s not surprising that areas where the cost of electricity is high or states where there are strong solar incentive programs are the ones seeing the largest increases. 

All of this is good news for property owners in Connecticut, where you have the chance not only to recoup the initial cost of your system when you sell, but also receive an increase in value that will add to the returns on investment.

Additional Information:

Home Buyer and Seller Generational Trends (National Association of Realtors, 2015)

Appraising Into The Sun: Six-State Solar Home Paired-Sales Analysis (LBNL, 2015)

Survey of Buyers, Sellers and Realtors Involved In San Diego Third-Party Owned Solar Home Transactions – A Qualitative Assessment (LNBL, 2015)

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How to Speak Solar: Glossary