All Forum Posts by: Robby Hogle

Do adding Solar Panels to a home impact the value? Is it a different answer between impact to “appraised value” vs “value buyers are willing to pay”?

You can very accurately calculate how many dollars solar panels save each month, use discount rate and come up with a total value added number. But my guess is it is a neutral impact to maybe slight increase. It also probably depends on the buyer. Some may think they look hideous and thus lose interest...other may love the fact that the house is “green” and be willing to pay more. Narrower set of interested buyers, but the ability to potential sell for a higher price.

Ultimately, it probably only makes sense as an investment if you expect to benefit from the cost savings in excess of the investment

Does anyone have experience with solar panels? What are your thoughts?