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Updated almost 3 years ago on . Most recent reply

Eric Lam's profile image
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Eric Lam
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Eric Lam's profile image
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Eric Lam
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Eric Lam
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General Real Estate Investing

Do solar panels increase resale home value?

Eric Lam
Posted

Will installing solar panels increase the resale value of my home? I'm on the fence moving forward with that option.

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Bill B.'s profile image
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Bill B.
  • #3 1031 Exchanges Contributor
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  • from Las Vegas, NV
  • Member since Aug 3, 2013
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Bill B.'s profile image
Bill B.'s profile image
Bill B.
  • #3 1031 Exchanges Contributor
  • Investor
  • from Las Vegas, NV
  • Member since Aug 3, 2013
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Bill B.#3 1031 Exchanges Contributor
  • Investor
  • Las Vegas, NV
9,683
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Bill B.#3 1031 Exchanges Contributor
  • Investor
  • Las Vegas, NV
Replied

Not a reason to do it. Sometimes they decrease the value or cause a sale to fall through. (If you have a loan on them.) BEST case you might get 50-60% back if you’re lucky enough to find a buyer who cares. You only do it because you want to signal to other people you’re a good person. 

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