If you own your own solar power system, studies have shown that installing an owned system, not leased, can increase that home value between $3 and $4 per watt installed. According to the National Renewable Energy Laboratory, each additional $1 in energy bill savings from your solar installation adds $20 to your home’s total value. However, it’s important to note that the exact numbers vary from property to property and installation to installation.
Installing solar panels is one of the safest and wisest investments you can make. Not only are you increasing your home’s resale value, but while you live in your home post-installation, you can enjoy the savings over the solar system’s 10- to 25-year lifetime.