The answer is yes!
Buying a solar system will increase your home’s value definitely! According to Berkley Lab, solar panels are viewed as upgrades, like a renovated kitchen or a finished basement. Homebuyers across the country have been willing to pay a premium price of about $15,000 for a home that includes an average-sized solar array. Additionally, there’s tons of evidence that shows that homes with solar panels sell faster than those without solar panels. For instance, in 2008, California homes with energy-efficient features (like solar systems and smart home devices) were found to sell faster than regular homes with a grid energy consumption.
On another hand, when it comes to third-party owned (TPO) systems, data reveals that they add some complexity to the real estate market, the overall impacts in terms of sales price, time on the market, agreement transfers, and customer satisfaction are mostly neutral. Although it’s not impossible to sell, TPO systems will still add value.
To sum up, installing solar systems in a house not only helps to decrease the utility bills, but it can also increase the home’s value by up to 4,1% more than comparable houses without solar panels which will represent $9,300 approximately, according to a recent study done by Zillow.
Source: Office of Energy Efficiency and Renewable Energy and CNBC