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Will adding solar to my home raise its resale value?

Updated: Jun 28, 2023

Yes! Studies have shown that solar panels can increase the resale value of a home by an average of $5,900 per installed kilowatt. This means that a home with a 10-kilowatt solar system could see its resale value increase by $59,000.


There are a few reasons why solar panels can increase home resale value. First, solar panels are seen as a desirable feature by many homebuyers. They are a way for homeowners to save money on their electricity bills and reduce their carbon footprint. Second, solar panels can increase the energy efficiency of a home. This can make the home more attractive to buyers who are looking for a green home. Third, solar panels can provide peace of mind to buyers. They know that they will not have to worry about rising electricity bills in the future.


In addition to increasing resale value, solar panels can also make it easier to sell a home. A study by the National Bureau of Economic Research found that homes with solar panels sell 20% faster than homes without solar panels. This is because solar panels are seen as a desirable feature by many homebuyers and can make a home more competitive in the marketplace.


If you are considering installing solar panels, it is important to keep in mind the impact they can have on your home resale value. Solar panels can be a great investment that can not only save you money on your electricity bills, but can also increase the value of your home.


Here are some additional factors that can affect the resale value of a home with solar panels:

  • The size of the solar system: The larger the solar system, the more it will increase the resale value of the home.

  • The age of the solar system: Solar systems that are newer and more efficient will increase the resale value of the home more than older, less efficient systems.

  • The location of the solar system: Solar systems that are located in sunny areas will increase the resale value of the home more than solar systems that are located in cloudy areas.

  • The condition of the solar system: Solar systems that are well-maintained will increase the resale value of the home more than solar systems that are not well-maintained.

If you are interested in learning more about the impact of solar panels on home resale value, please contact the Northstate Solar Team.




House with for sale sign out front
Call Northstate Solar Team if you are selling your home!

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