Myth: Solar panels increase the property value - Is it true?
The solar panel is something new, how will you compare for property value? Many houses have a pool, it's easy to compare the value and it's normally $15k to $20k Let's talk about the expense to install the solar panel. It's between $8 to $10 a square foot, that's $16k to $20k. And, there will be maintenance on those panels. You do get a 30% tax saving on the cost. We are not there yet with savings on the utility bill. Remember, when it's time to repair the roof, you have to remove and reinstall the panels Also, you still going to have an electric bill. Bottom line, this is for the future, when everyone going to have solar panels That will give the ability to compare to increase the home value.