Solar powered energy is a popular source of clean energy that many homeowners are beginning to explore. But does solar increase or decrease the value of your home? The answer: it depends. There are a few key factors that can determine whether a solar power system will increase or decrease the home you are trying to buy or sell.
Buying vs Leasing
Solar is not cheap. Homeowners have the choice of purchasing a system outright, or entering into a leasing contract. If you choose to buy a system it can set you back $12,000-$20,000 which you may not see a full ROI once you sell the home. Another option is to lease a system, however typical contracts will lock you in for up to 15 years, making the transfer to a new homeowner tricky.