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You don't want it to add value to your house because then you will end up paying higher property taxes on a higher appraised value. The benefit of solar can be
by itronitron 8y ago
You don't want it to add value to your house because then you will end up paying higher property taxes on a higher appraised value. The benefit of solar can be stated to a prospective buyer as X dollars less on utility bills each year.
- chii 8y agoBut if the panel doesn't increase the sale price, then you've effectively lost three investment in them when selling.
- URSpider94 8y agoHuh?? I buy a house for $100k. I put $15k of solar panels on it. I go to sell it a year later, and sell it for $100k. That is what it means for solar panels not to add value - I just lost my $15k investment. Incidentally, that appears to be the case for residential solar in CA. It doesn’t factor in appreciably to the price of a home.
- itronitron 8y agoYour neighbor buys a house for $100k, doesn't install solar and then sells their house a year later for $85k.