How much will solar increase the value of my house?

September 6th, 2008 | by Michael |
solar
ian c rogers asked:


If you spend $ 15,000 that my house dotano of solar, how could I call this to add to the value of my home?

MARLIN

  1. 7 Responses to “How much will solar increase the value of my house?”

  2. By Guzzy on Sep 6, 2008 | Reply

    About $15,000.

  3. By JOKO on Sep 8, 2008 | Reply

    I would say at least double what you paid to install it. Solar is the new wave, it will be more in demand in about 5 years. My dad just did the same at his fishing camp.

  4. By Michael H on Sep 10, 2008 | Reply

    I would wait a little longer, a whole new generation of solar panels will be coming out soon 10 to 20 times more efficient.

  5. By Marianna on Sep 12, 2008 | Reply

    At the moment, maybe only 10% of potential house buyers will actually care and/or appreciate (and are willing to pay for) what you did. The rest is still suspicious about this modern stuff which no “normal” electrician understands anyway.
    This is if you want to sell within the next 2 years.
    If you sell much later, then - the way things are developing - the system you bought now may be quite outdated = again not much appreciation.
    Sad but true. I agree wait for prices to come down further, but that’s the vicious cycle: We all wait = not much demand = manufacturing costs remain high = we wait….

  6. By atom ant on Sep 12, 2008 | Reply

    1 more year of waiting.new material much better and i hope not too expensive!!! like day and nite…

  7. By daveinsurprise on Sep 13, 2008 | Reply

    Probably not much. It depends on where you live etc. Currently solar is expensive to repair. Keep in mind solar is not about saving money it’s about reducing need for oil. The technology for affordable and reliable solar is just not here.

  8. By Don on Sep 14, 2008 | Reply

    I am familiar with solar…If you are talking about generating electricity with photovoltaic cells, I would guess you are not going to add much value to your home. There are several passive systems, which store heat, that are quite effective, and require no maintenance. If the winters are cold enough, and the utilities are expensive enough in your area, passive may be just what you are looking for.

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