Do Solar Panels Increase Your Home’s Value? Yes—Here’s How.

2024-12-23 Ryan Lane - residential solar.jpg (86)

At Puget Sound Solar, we often hear a common question from homeowners considering solar: “Will this add value to my home?” The short answer? Absolutely. Multiple studies—and real-world sales data—confirm that solar panels increase home value and make properties more attractive to potential buyers.

Solar’s Real Estate Advantage

According to a recent solar.com article, solar panels are increasingly seen as upgrades—much like a renovated kitchen or energy-efficient windows. As energy costs rise and climate consciousness grows, homebuyers are placing more value on homes that can generate their own electricity.

The article points out that homes with solar not only sell for more, but they often sell faster. One reason is the long-term financial benefit: buyers understand that solar helps reduce or eliminate electricity bills, which translates to major savings over time.

What the Data Says

This boost in value isn’t just anecdotal—it’s backed by hard numbers:

    Zillow’s 2019 study found that homes with solar systems sold for 4.1% more on average than similar homes without solar. For a median-priced home, that’s an added value of around $9,300. In some markets, like New York, that premium was even higher—up to 5.4%.

    A comprehensive study from the Lawrence Berkeley National Laboratory looked at over 22,000 home sales in eight states and concluded that buyers were willing to pay about $4 per watt of installed solar, or around $15,000 for an average system.

    These findings are consistent across housing markets and show that solar panels are not just an eco-conscious investment—they’re a smart real estate move.

    What Makes Solar Valuable?

    Here in the Puget Sound region, solar-equipped homes benefit from:

      Long-Term Utility Savings – Reduced monthly bills are a strong selling point for buyers.

      Resilience and Energy Independence – Many customers pair solar with battery storage to keep the lights on during outages.

      Sustainable Living – A solar home appeals to buyers looking to shrink their carbon footprint.

      Local Incentives – Washington’s solar-friendly policies and net metering make solar homes even more attractive.

      Selling a Home with Solar? A Few Tips

        Age of the System: Newer systems with transferable warranties and modern equipment will generally add more value than older systems.

        Show Your Savings: Keeping a record of your utility bill savings or solar production over time can be a helpful tool for real estate agents and buyers alike.

        A Smarter Investment for Today—and Tomorrow

        As Washington transitions to cleaner energy and as policies shift (including possible changes to net metering), there’s never been a better time to go solar. Not only will you benefit from immediate utility savings, but you’ll also position your home as a premium listing when the time comes to sell.

        Interested in adding long-term value to your home with solar? Let’s talk. Our team at Puget Sound Solar has helped thousands of homeowners across the region make the switch—and we’re ready to help you do the same.

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