More Bang for Your Buck
Installing a solar system on your home can greatly increase the value of its selling price! Many studies have proved this to be true and a more recent study from Lawrence Berkeley National Laboratory (LBNL) in California has shown that you can receive $4 per watt added to the value of your home. This figure on an average 5kw (5000 watts) system would amount to an extra $20,000 on the price of your home! These numbers only increase as the size of the system increases. If you were to install an 8kw (8000 watts) system on your home, that add $32,000 to the price of your home.
Along with the home value increase, having solar installed on your home can cause it to sell 20% faster than homes without solar. A study from the National Renewable Energy Laboratory (NREL) found that solar homes sold 20% faster for 17% more than homes that did not have solar. This is a huge advantage for homeowners that want to reduce exposure and wait time!
The increase in home value that solar panels provide is so big that it can actually cover the cost of the system itself. When you combine that with the wide variety of federal and state incentives that are offered, you have a very smart investment that is going to help preserve the environment, save you money, and make you money!