Advice Topics
- Buying (152)
- Selling (177)
- Renting (37)
- Market News & Trends (11)
- Finance & Legal Info (77)
- Tips & Advice (84)
- Working With an Agent (51)
- Marketing (4)
- Investing (13)
- Affordable Housing (13)
- Green Housing (2)
- Schools (1)
- Remodeling (29)
- International Real Estate (8)
- Terms & Definitions (23)
- Home Loans (10)
Top Contributors (View All)
Find a Top Real Estate Agent Near You
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 | 258 views | Green Housing | 1 year ago
Answer(3)
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
Helpful (1)
Unhelpful (0)
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
- Helpful (1)
- Unhelpful (0)
Are you ready to find a top agent near you?
Browse profiles of the highest ranked agents in your area and find one that meets your specific needs.
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
- Helpful (1)
- Unhelpful (0)
Related Questions
-
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
- 258 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
- 321 views
- Green Housing
- 1 year ago