According to CNBC, solar panels can increase your home value by up to 4.1% or an additional $9,274 on average. This is especially true if you live in sunny states like Arizona, Texas, and Florida. Alternative Energy states, “Yes, solar panels can increase your home’s value up to 2%-3% in Arizona. On the other hand, choosing to lease solar panels will decrease your home’s value. A leased solar system can lower a home’s value by 3%-8% in Phoenix, Arizona.”
The important factor to remember with solar is to make sure and purchase your solar panels. Don’t lease them. Leasing solar panels can decrease your home value. Purchasing solar panels is the only way to increase home value.
How Much Is My House Worth?
Get a free home value estimate by using our home value estimator. Our estimator will tell you how much your home is worth, and what other homes are selling for in your local neighborhood. Results are a non-specific, system-generated valuation, which is for broad estimation purposes only. The consumer should request a custom market analysis (CMA), for an accurate valuation, as the conclusions may vary drastically.
Buy or Sell a Luxury Home in the Phoenix Valley
Are you trying to buy or sell your luxury home in Phoenix Historic, Scottsdale, Paradise Valley, or Arcadia? Best of Luxury Homes can help. From listings and negotiations to showings and paperwork, we are here for you every step of the way.
