# Installation of Solar Panels on Home Can Increase Value by 4 Percent During Resale

- Link: https://greenlivingguy.com/2020/03/installation-of-solar-panels-on-home-can-increase-value-by-4-percent-during-resale/
- Published: 2020-03-04T00:10:30-05:00
- Author: greenlivingguy

Enercore is a partner of SunEdison, Inc. (SUNE). For it  releases data to inform
homeowners. All that the installation of rooftop solar on a home can increase the
value of it by 4 percent.

#### Enercore currently provides solar power for homeowners and businesses throughout California, Connecticut, Maryland, New Jersey, New York and Massachusetts. The company will also increase rooftop solar services to additional states throughout 2016.⏎  󠀁[⌊Solar will increase the value of your home⌉](https://i0.wp.com/greenlivingguy.com/wp-content/uploads/2016/02/wp-1455388286597.jpeg?quality=52&ssl=1)󠁿

In theory, by adding a modernized kitchen or new floors, you will get back your 
return on investment, but this is not always the case. A recent Cost vs. Value report
through [Remodeling Magazine](http://www.remodeling.hw.net/cost-vs-value/2016/) 
states, “Homeowners are only getting back 64 percent of the average remodeling project
cost.” In short, homeowners are losing money on traditional remodeling.

#### While most homeowners spend money to increase the value of their home through remodeling, a return on investment is not always guaranteed. Depending on what state you live in, installing rooftop solar on your home could potentially cost you zero dollars. **No other home remodeling can potentially cost zero dollars, but can increase the value of that home by 4 percent.** For example, a $500,000 home installs rooftop solar. This brings the approximate value of said home to $520,000.

An increased number of savvy homeowners are turning to solar energy as a way to 
increase equity, while also lowering high monthly utility costs. The average homeowner
saves about [$1,000 a year](https://web.archive.org/web/20190402142059/https://www.reliant.com/)
when switching to a solar rooftop. It’s important to note that most solar rooftops
are warrantied from 10-20 years. This is one remodeling cost that yields high returns.

An energy efficient solar rooftop is also ideal for a homeowner who has an older
or historic home that has little or zero insulation. Solar allows those homeowners
to heat their homes at a much lower cost, while increasing its value.

**Still not convinced?** A study by the National Renewable Energy Laboratory found
that solar homes sold 20 percent faster and for 17 percent more than the equivalent
non-solar homes in California. Numbers don’t lie. Installation of a solar rooftop
not only increases the value of your home, but also uses clean, renewable energy,
and saves you money each month.

“Installation of solar rooftop increases the value of your home and reduces your
electric bill. This home improvement is the only one that will ever pay for itself,”
says President of Enercore, Scott Reynolds. “Our experts are here to answer any 
questions a potential or current customer may have on a product that we believe 
is the future.”

Source: Enercore, Las Vegas, NV. February 11, 2016

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 greenlivingguy

 The Green Living Guy, Seth Leitman is an independent power producer, a green living
expert, and Editor of the McGraw-Hill, TAB Green Guru Guides. Seth is also an Author,
Radio Host, Reporter, Writer and an Environmental Consultant on green living. The
Green Living Guy writes about green living, green lighting, the green guru guides
and more. Seth's books range from: # Build Your Own Electric Vehicle by Bob Brant
and Seth Leitman (2nd and 3rd editions) # Build Your Own Plug-in Hybrid Electric
Vehicle by Seth Leitman # Build Your Own Electric Motorcycle by Carl Vogel # Green
Lighting by Seth Leitman, Brian Clark Howard and Bill Brinsky # Solar Power For 
Your Home by David Findley # Renewable Energies For Your Home by Russel Gehrke #
Do-it-Yourself Home Energy Audits by David Findley # Build Your Own Small Wind Power
System by Brian Clark Howard and Kevin Shea # and more green living books to follow.

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