It’s True: Solar Increases Home Value

Residential solar by the numbers.

Over two million (2,000,000) homes are now powered by the sun

In 2016, America’s millionth solar system was installed. Three years later, in 2019, that number climbed to two million, and it just keeps growing. We’re thrilled to play a part in this rapidly increasing market: SunCommon is installing solar at a pace of roughly 40 homes every week, and not a day goes by that we aren’t grateful for helping so many people go solar easily and affordably.

But there’s one benefit to going solar that a lot of folks don’t know about yet. Yeah, you’ll zero out your electricity costs with nothing but renewable energy drawn from our brilliant sun. And yeah, you’re going to contribute to a reduced carbon footprint that ensures future generations get to enjoy the environment like we do.

But guess what else? Solar increases home value — yours included.

On average, U.S. homes with solar sell for 4.1% higher than those without

What does that translate to in dollars and cents? That depends on where you live and the size of the system. For example, if you’re in New York, it’s substantial: solar adds an average of $41,000 in home value. Yep, you read that right!

If you’re going to do any home improvement project, studies show that solar gives the best return on investment. When you install granite kitchen counters or fancy bathrooms, you’ll get back just a fraction of your investment at resale, but folks who go solar get paid back in full when they sell their house. Plus, since our solar panels carry a 25-year warranty and continue to produce power long after that, solar carries a value no matter when you decide to sell your home.

Going solar now means you’ll have what future home buyers want and need

Here’s why solar increases home value: many home-shoppers know that houses equipped with solar power can provide substantial future energy cost savings, so they’re willing to pay more up front in order to reap future savings. Younger generations, too, value purchases like solar that benefit the environment. According to the Zillow Group Consumer Housing Trends Report, “more than 80% of home buyers say energy-efficient features are important.” Going solar now means you’ll have what a future home buyer wants and needs.

Not only does solar help your home sell for more, it also helps it sell faster. According to the U.S. Department of Energy, homes with energy efficient features and solar power sell faster than those without. So when you’re harnessing the power of the sun, you’ve got a hot cake of a home on your hands!

Ready to speak with an expert about increasing your home’s value with solar?

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Don’t just take our word for it

Solar is no longer a niche market — it’s a growing housing trend here in the Northeast, and the exponential progression from niche to necessity is creating competitive real estate opportunities. Today’s homebuyers are increasingly seeking out solarized homes, and real estate agents and homeowners alike can attest to it:

“Does solar help sell a home? Does solar increase home value? For most, a resounding yes!”

– Clayton Paul Cormier, Maple Sweet Real Estate

We’re Here to Help You Buy or Sell Your Solar Home

To help existing and prospective SunCommon solar homeowners understand the value of their solar and their ability to market it at resale, we created a guide to selling your solar home that’s useful for solar homeowners and realtors alike – check it out here. Our mission is to re-power our state with clean energy, so we strive to do all that we can to make the experience great for you!

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