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Are solar panels worth the investment?
Are solar panels worthwhile? I live in Illinois where it's cloudy often in the winter. I'm also worried about putting holes in my roof. But I wonder if the cost savings is worth it? Also, does it add any value to my home?
Asked By Mark J | Winnetka, IL | 294 views | Green Housing | 1 year ago
Answer(4)
Joe Battersby
EXIT Assurance Realty
Hi Mark! I have a Tesla system in my home (panels + powerwall) and have been very happy with the financial and comfort impact of the system. A good system will definitely add value, but be careful with any lease programs.
- 1 year ago
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Carol Syler
Premier South
Hi Mark, it may depend on your area and how long you plan to live in the home. In my experience, where I live in SC, appraisers do not know how to put a value on solar panels, and I have not experienced them adding much value, at least not enough to cover the cost.
- 1 year ago
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Jeanine Wood
Allison James Estate And Homes
Mark, I am an agent out of Florida, and my first advice is to check with your insurance company first. Here some of the insurance companies will not insure solar roofs. But for your question, it depends on the type of solar panels you put on or if you go all out with a Tesla roof? How long you are going to keep the home after you put the panels on? This may help if the cost savings in worth it. As to the value, it really depends on your market. I would recommend you speak to a local agent who carries the "Green Designation" to help you. I would be happy to refer one to you up there.
- 1 year ago
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Peg Walsh
Four Seasons Sotheby's International Realty
If you are considering solar panels, there are many issues to research: cost, quantity, long-term production, and resale policy. Depending on where you live, you may or may not have buyers who have solar on their wish list. If you lease the panels, your buyer may need to qualify to take over the lease from you. I recommend talking to a local real estate agent who has experience selling homes with and without panels so you are well informed before making a decision.
- 3 weeks ago
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Related Questions
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Are solar panels worth the investment?
Are solar panels worthwhile? I live in Illinois where it's cloudy often in the winter. I'm also worried about putting holes in my roof. But I wonder if the cost savings is worth it? Also, does it add any value to my home?
- Asked by Mark J
- Winnetka, IL
- 294 views
- Green Housing
- 1 year ago
-
Should I install energy efficient appliances before I sell?
I'm planning to sell my house this spring. Should I install energy efficient appliances before I sell? Can I sell my house for more if I do that?
- Asked by Mary
- Richmond, VA
- 382 views
- Green Housing
- 1 year ago