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Home Solar Can Help You Achieve Long-Term Financial Goals for Your Household

Smart homeowners, hopeful buyers and real estate appraisers know that today's home solar systems can add to your home’s value on the market.

 

HomeLink Pros Real Estate

Exact figures differ between each configuration and location. Recent studies reveal an average increase in resale value ranging from $4,020 to $5,911 for each kilowatt of solar panels installed.

At $4,020 per kW, a 5 kW solar installation would tack an average of $20,100 onto the market value of a mid-sized American house. Or, here in California at $5,911 per kW, a small 3.1 kilowatt system could add, on average, $18,324 to the value of that mid-sized home.

That’s a considerable amount that buyers are willing to pay. More, a solar home’s sales price is typically 3.74% higher than similar properties without solar.

The cost of a typical rooftop solar installation is generally recouped in the house's sale price. Plus, those purchasing solar benefit from lower power bills and hefty tax incentives that can cover the system’s costs several times over its usable life.

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Contact us at HomeLink Pro Real Estate to help you with your areas current market report and home evaluation.

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