In 2015 the Department of Energy and Berkeley Laboratory conducted a study and their findings were pretty amazing.
On average, solar panels add $20 of value for every $1 you save on your electric bill. So if you saved $200 a month on your electric bill with solar panels, you’d have an additional $4,000 of value added to your home.
According to a comprehensive report done by the US Department of Energy and National Renewable Energy Laboratory (NREL), they found that:
Here’s more data from Zillow research that shows homes with solar panels installed sell on average for 4.1% more. And it varies depending on where you live.
|City||Overall Homes||Green Homes|
|St. Petersburg, FL||$283,450||$734,450|
|New Orleans, LA||$219,5000||$507,500|
|Oklahoma City, OKC||$170,750||$357,500|
|Virginia Beach, VA||$328,500||$650,000|