{"id":115,"date":"2023-05-27T00:30:36","date_gmt":"2023-05-27T00:30:36","guid":{"rendered":"https:\/\/powerwisesaver.com\/?p=115"},"modified":"2023-10-21T07:16:40","modified_gmt":"2023-10-21T07:16:40","slug":"the-5-ways-how-solar-affects-property-price","status":"publish","type":"post","link":"https:\/\/powerwisesaver.com\/the-5-ways-how-solar-affects-property-price\/","title":{"rendered":"The 5 ways: how solar affects property price"},"content":{"rendered":"\r\n

If you are reading this, you have already installed or are willing to install solar but are curious about the ways you can reap the benefits. Then your search ends here. Because we have already done all the heavy lifting for you and gone through the trenches to find out the most factual info we possibly can.<\/p>\r\n\r\n\r\n\r\n

Here\u2019s everything you need to know about how solar affects your property. To begin, the first realization one should have to find the answer is: understanding there is no one straight answer. There are many factors that contribute to increases in property value. So this blog serves as a roadmap touching on different points to consider.<\/p>\r\n\r\n\r\n\r\n

So when people say the property value has increased, what they mean is: more people will pay a higher price for the property than before. This is done either through marketing or organically. So it\u2019s the buyer who increases or decreases the property value.<\/p>\r\n\r\n\r\n\r\n

What makes the buyer pay more<\/p>\r\n\r\n\r\n\r\n

    \r\n
  1. Location: If you\u2019re in a prime location like California or New Jersey, installing solar yields high returns compared to less developed cities. The main reason is awareness. People who live in big cities know the benefits of solar and therefore they value it higher. But people in a village who haven\u2019t heard about solar much probably won\u2019t pay much.<\/li>\r\n<\/ol>\r\n\r\n\r\n\r\n
      \r\n
    1. Quality of panels: If you have used cheap equipment or low-quality products while installing, you can\u2019t expect big returns. The people decide the price and they value quality products. So if you used top-class equipment while installing solar, then yes, your ROI would be higher.<\/li>\r\n<\/ol>\r\n\r\n\r\n\r\n
        \r\n
      1. Age of panels: If you installed solar in 1998, you can\u2019t expect much. As you know as the years go on, the efficiency of the panels decreases. Which in return leads to a decrease in price. But if you have a fresh 5-year-old panel that has a 30 years warranty, then you have the authority to command the price.<\/li>\r\n<\/ol>\r\n\r\n\r\n\r\n
          \r\n
        1. State policy: What are the tax benefits in your state? Because if you live in a state where the tax incentives are higher for solar, then people value it so the price would be higher. Especially if you live in cities like New Jersey or Massachusetts, then your solar would be worth a lot more than compared to the village in south America.<\/li>\r\n<\/ol>\r\n\r\n\r\n\r\n
            \r\n
          1. Lease or PPA: If you bought and installed the solar, the value is higher compared to those like lease or PPA. Because in PPA you\u2019re neither energy independent nor have the eligibility to enjoy tax benefits. So even if you have installed top quality, 2-year-old fresh solar panels, if it\u2019s in the company contract, then its value is less.<\/li>\r\n<\/ol>\r\n\r\n\r\n\r\n

            On average, people who installed solar see a 3 to 4% increase in their property value. But as per a specific study, researchers analyzed over 22,000 home sales in eight states. And found that homes with solar panels sold for an average of 17% more compared to homes without them.<\/p>\r\n\r\n\r\n\r\n

            Also, as per research by Berkeley Lab, buyers paid $15,000 more in California for a house that has a pre-installed solar system. In the end, solar is beneficial. But when selling, there are factors that affect the price. So if you\u2019re planning to install solar only to sell at a higher price, then you must consider the above factor before taking a decision.<\/p>\r\n","protected":false},"excerpt":{"rendered":"

            If you are reading this, you have already installed or are willing to install solar but are curious about the ways you can reap the benefits. Then your search ends here. Because we have already done all the heavy lifting for you and gone through the trenches to find out the most factual info we …<\/p>\n

            The 5 ways: how solar affects property price<\/span> Read More »<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-115","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"yoast_head":"\nThe 5 ways: how solar affects property price - powerwisesaver.com<\/title>\n<meta name=\"description\" content=\"It's important to note that the impact of solar panels on property values can vary based on local real estate market conditions, the quality of the solar installation, the age of the panels, and the preferences of potential buyers. 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