submitted by Kathleen Layton, Berkshire Hathaway Home Services/Fox Roach Realtors Newtown Office
The interest in solar panels continues to grow as the solar energy market continues to expand, so here’s some information on the impact these systems can have on resale values:
First of all, a disclaimer – most of the studies seem to come from California, where solar has been a part of the landscape for quite some time. We’re not California, so it’s not clear whether the data translates unilaterally to Bucks County.
That being said, it does seem that the return on investment for a homeowner who installs solar panels is much higher than many other capital improvements, once you factor in government incentives and tax credits. Here’s the key though – you have to own the system, not lease it.