Research shows an average increase in resale value of homes being $5,911 for each 1 kilowatt (kW) of solar installed. In California a small 3.1-kilowatt (kW) system can add an average of $18,324 to the value of a medium-sized home.
The property value advantages of solar only increases as you scale up. Installing 5kW of solar panels adds an average of $29,555 to the retail value of a medium-sized home .... simply installing solar panels is one of the wisest investments you can make:
In other words, with the right-sized installation, solar energy is an investment that potentially pays a 200%+ return – far an excess of most any other financial vehicle you can imagine.
The property value advantages of solar only increases as you scale up. Installing 5kW of solar panels adds an average of $29,555 to the retail value of a medium-sized home .... simply installing solar panels is one of the wisest investments you can make:
- You enjoy electricity bill savings over the 25 – 30 years of your solar PV system’s lifetime. As utility rates increase, those electricity bill savings grow increasingly large with time. Even if you never sell your home, your installation fully pays for itself many times over.
- If you do decide to sell, you fetch a higher premium, which again, more than covers the upfront cost of installing solar panels.
In other words, with the right-sized installation, solar energy is an investment that potentially pays a 200%+ return – far an excess of most any other financial vehicle you can imagine.