Increased Property Values
According to The Appraisal Journal, the value of your home will increase $20.73 for every $1 in annual fuel savings. For example, that means that for every $1,000 that you eliminate from your annual electric bill, your home's value will increase by $20,730. Additionally, according to state law the increased value of your home created by the installation of your solar system is completely exempt from property taxes.
Numerous other studies have found that homes that have solar panels sell at a significant premium to non-solar homes, and they sell in a fraction of the time that it takes to sell a non-solar home. And why not? Given the choice between paying an ever increasing energy bill for the rest of your life, or having free power, which would you choose?
And for a limited time, while there are still federal government incentives paying for a significant percentage of the cost of your solar system, most homeowners can make a profit on their solar system on the very first day that their system is installed.
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