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Solar Energy & Your Home’s Value

Whether you’re looking to refinance or sell your home, installing solar panels onto your home will positively affect your home’s value.

Image of the resale value of a home increasing due to the installation of solar panels

Research conducted by the National Renewable Energy Laboratory in 2015 showed that homes that have installed solar provide a premium of $3.11 per watt to the home’s resale value.

Solar prices have dropped over the years to where your home’s value would increase by nearly the same amount of the cost of installation.


The addition of a small 3 kW solar array would increase a home’s value by approximately $10,000.

The average residential installation is around 7 kW and would mean an added premium of over $21,000. In short, your home value will increase by as much as the cost of the installation itself. Of course, the exact amount varies by situation, but here are a couple of things to know:

Increase your home's value by thousands when you install solar energy solutions
Image of the solar energy market growing causing profits of installation to increase

Location, Location, Location

The more developed your area is in regards to solar energy adoption, the more profitable your installation will be. In metropolitan areas, the return will be higher than those found in less-developed markets. As the solar-energy market grows, so too will your profitability.

Image of a home's property value increasing due to Yellowlite's solar installation

Bigger & Better Is Better

Property value increases are directly tied to the size of your installation and the quality of panels used.

Image of a phone calling to install a solar energy system onto a homeIf you’re looking to install a system onto your home and you have questions about how much it can increase your home’s value, contact one of our solar consultants. They can help you obtain a quote and walk you through the process, including discussing how much your system can add to your home’s value.

FAQs

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Some homeowners’ associations have rules regarding the installation of anything on your roof or grounds. If you belong to a homeowners’ association, we will contact them on your behalf We just ask you to provide us the Homeowner's Association's contact info.

News & Updates

Owning A Solar Energy System Has Overtaken Leasing

As time goes on and solar prices continue to drop, the leasing option will become less popular. Here at YellowLite we can help a client structure a loan that resembles a lease in all but name, but the client will still be able to collect the financial benefits of owning the system.

Electric Vehicles To Add Solar Panels To The Roof?

Over the course of a year, this one panel mounted on top of the roof of the vehicle, if all conditions are perfect, would power a vehicle for around 660 additional miles over the course of a year. Based on 25 mpg, this would be around 27 gallons of gasoline per year that would not have to be consumed.

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