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Impact of solar panels on resale value in Pennsylvania.?

We live in PA and are considering a couple of solar options -- either a 3-panel hot water system, or a full solar system. How would these impact our home's resale value? It's a 4,000 sq ft home in a 7-year old development.

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  • 1 decade ago
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    I'd recommend talking to a real estate agent. It could raise or lower your home's value. It could raise it from an energy saving standpoint. But it could also lower it from an eyesore standpoint. The one housing complex I was in wouldn't even allow solar panels on the houses from an eyesore standpoint. So first I would start off by checking with the housing development, they may have rules that you can't even put them on your house. Then I'd check with a real estate agent. If both say ok, then I'd put them where they are as non-visible as possible. You don't want them on the road side of the house. The road view is the selling view of the house and it is the first thing that people see when they drive up to your house when it is up for sale. First impressions are BIG. In a store, it is the for 0.5 seconds that sell a person on a product. If that carries over on houses, it means that can eliminate your house before they even enter the door.

  • 1 decade ago

    i'd say significantly.

    i put solar panels on my roof and have paid about thirty dollars for electricity--in the last three years. Yeah, i'm saving about $200/month (i have two systems), and this should translate into a higher resale value for me (as it will for you). It's hard to say how much value will be added to your home, but you will be able to show your potential buyers a significant monthly savings by virtue of said panels. Plus, you will be saving the environment. The ONLY downside is, panels are rather expensive, but rebate programs are available, it's just you have to wait a few months to get your rebate check. I spent about $37, 000 on my system, got about 12K back in a rebate, so my cost was around 25K. I figure it will take me ten+ years to recoup my "investment", but the panels have a twenty five year life expectancy, so long term, it's a wise move. Keep in mind i'm in california, and my costs vs yours will vary, but bottom line: i am very happy i did it and i'm betting you will be too.

  • 4 years ago

    1

    Source(s): Build Solar Power Easily - http://solarpower.siopu.com/?NZS
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