While solar panels generally increase home value, there are regions where their impact may be minimal or even negative. Here are some insights:
- State Variability: The increase in home value from solar panels varies significantly across states. For example, in Michigan, solar installations can increase home value by about 9.2%, while in Wisconsin, solar homes have been valued at 0.6% less than non-solar homes.
- Leased Solar Panels: In any state, leased solar panels (or those financed through methods like PACE tax liens) typically do not add to home value, as they involve ongoing payments that prospective buyers may not want to assume.
- Specific Regions: Some areas with lower electricity usage or those where solar energy is less marketable might see little to no increase in home value due to solar panels. For instance, in Nebraska, adding solar panels may not significantly affect home prices.
- Energy Usage Patterns: Areas with lower electricity consumption or less emphasis on green energy might not see a substantial value boost from solar installations. This includes states where electricity costs are relatively low or where there is less consumer demand for sustainable features.
Overall, while solar panels generally enhance home value, their impact can be negligible in certain regions or situations.
Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/are-there-any-states-where-solar-panels-do-not-increase-home-value/
