Solar Power can add to your home value. It is the answer to a question that we get all the time. Homeowners can see the savings on their electricity bills each month. The biggest added bonus that comes with that monthly savings is the dollars Solar add’s to your home value.
Next year, states like California will mandate the installation of Solar Panels with every new home that is built. In states that Go Solar Power services, like North Carolina, Florida and South Carolina especially, builders and homeowners are not waiting for a mandate, they see how just like renovating a kitchen or a bathroom, Solar will pay for itself.
The good folks at Zillow did a study showing how Solar Panels can increase the home value by up to 4.1%. This is more than comparable homes with no solar panels. According to the study, more than 80% of buyers now say energy efficient features are an important factor when choosing a home. Buyer’s view energy efficient items as a premium when comparing homes, especially when looking at the future energy savings.
Top 10 States seeing the Biggest Increase in Home Value
Zillow compares sales price for homes with and without Solar throughout the United States. The research period was from March 2018 to February 2019. Homeowners in the garden state of New Jersey are seeing values increased by as much as 9.9%. Other big winners were homeowners in North Carolina, Florida and South Carolina. Here are the top ten states with the best added value from Solar.
New Jersey – 9.9% or $32,281 for the median-valued home
Pennsylvania – 4.9% or $8,589 for the median-valued home
North Carolina: 4.8% or $8,996 for the median-valued home
Louisiana: 4.9% or $7,037 for the median-valued home
Washington: 4.1% or $15,916 for the median-valued home
Florida: 4% $9,454 for the median-valued home
Hawaii: 4% or $24,526 for the median-valued home
Maryland: 3.8% or $10,976 for the median-valued home
New York: 3.6% or $10,981 for the median-valued home
South Carolina: 3.5% or $5,866 for the median-valued home
Florida residents living in the Orlando area see an even bigger premium at 4.6%. Orlando is one of the top cities for seeing added value with Solar Power.
Homeowners on Why they Switched to Solar
The Zillow study also featured quotes from homeowners that went Solar. It is a great insight as to what motivates a homeowner to go solar.
Lisa and Jerry C. went solar a year ago. High utility bills and the desire to live cleaner and greener lives inspired them to make the decision. Since going solar in June 2018, the Chretien’s electric bills have decreased, especially in the summertime.
“As soon as we would open the pool and turn on the air conditioners in May … our electric bills would run close to $800, sometimes more,” said Lisa C. “Saving money, especially with kids in college, has been a big help and a big saving. And there are a lot of incentives, tax wise you get a break. It has just been a plus all the way around.”
For Kerrie L., owner and operator of a cleaning service, the experience was similar. After moving into her new home, she received her first electric bill: a staggering $1,100. Kerrie knew she needed to do something to make her electric bills affordable.
“I’m 60 years old, so I’m getting up there. I do a physical job for a living but I can’t do it forever. … So having my bills being manageable was very important to me,” Kerrie said. “My first electric bill in this house was $1,100. I knew I needed to correct this situation and make it manageable.”
Solar Power Helps Increase Home Value: See How easy it is with Go Solar Power
Full Service installers like Go Solar Power will show you how Solar Power can add to your home value. We help homeowners with every part of the Solar installation process. Investment tax credits offered by the federal government is a great way to help homeowners save even more by going solar. The federal tax credit is scheduled to be phased out for residential homeowners in 2022. For 2019, the credit remains at 30% and is scheduled to go down to 26% in 2020. Defenders of the Solar industry are fighting Washington to keep the credit at 30%.
Check us out today. We have multiple installation teams and a large, dedicated staff. Look for us in Florida, Georgia, Alabama,, North Carolina, and South Carolina and coming soon to California.
Turnkey Solar Systems
30% tax credit
Thousands of successful home installations.
Zero upfront cost on Solar & Battery Storage System