As a homeowner, you probably have a long list of improvements you’d like to make to your home. If you want to do away with your electric bill and reduce your carbon footprint while at it, you might have considered installing rooftop solar panels. And that’s not all. Like any other home improvement project, adding solar panels can also significantly boost your home’s value.
Plenty of studies show that when looking at homes with equal comparables, solar panels will add a substantial amount to the value of a home. According to an article in Realtor magazine, adding solar to your home will lead to a notable 56% increase in resale value. The article cites a recent study by Porch.com, which shows that homes with rooftop solar panels cost $680,000 —that’s 48% more than the average home in a given area.