Renewable energy has gained significant momentum in recent years, with solar power emerging as a promising solution. Apart from its environmental benefits, solar energy can also have a positive impact on property values. In this blog post, we will explore several studies that highlight the correlation between solar panels and increased home values. The following studies provide empirical evidence supporting this claim:

Lawrence Berkeley National Laboratory Study (2019): A study conducted by the Lawrence Berkeley National Laboratory analyzed over 22,000 home sales across eight states. The findings revealed that, on average, solar homes commanded a price premium of approximately $4 per watt of installed solar capacity. For a typical 5-kilowatt system, this equates to an increase in home value of $20,000. Source: Lawrence Berkeley National Laboratory Study (2019)
Zillow Research (2020): Zillow, a renowned online real estate marketplace, conducted a comprehensive study on the impact of solar panels on home values. The analysis concluded that homes equipped with solar energy systems sold for an average of 4.1% more than comparable homes without solar installations. This study demonstrates the positive financial impact of solar panels on property values. Source: Zillow Research (2020)
Appraisal Journal Study (2021): Researchers conducted a study analyzing 2,000 solar homes across six states. The study revealed that solar panels, on average, increased property values by $14,329. Moreover, the research highlighted that solar homes tend to sell faster than homes without solar panels. These findings emphasize the market desirability and added value associated with solar installations. Source: Appraisal Journal Study (2021)