4 ms·

If you spend $25K on a solar installation, does the value of your home increase by $25K? This angle isn't mentioned in the article. Overall the profitability o

If you spend $25K on a solar installation, does the value of your home increase by $25K? This angle isn't mentioned in the article. Overall the profitability of the installation seems shaky and depends on various government interventions that probably won't be around forever. If we model the solar installation as a conversion of cash into home equity however, the calculus changes. You are buying home equity and getting reduced energy bills in the process. You almost certainly come out ahead, the panels are in a sense free, other than costing you some liquidity. Googling around a Zillow study says solar installations increase the value of a home by 4% on average. The article also didn't touch on maintenance costs.

wyum 2y ago
> If you spend $25K on a solar installation, does the value of your home increase by $25K? I spent $25k to install solar in 2020 (also in DC like OP). The solar company estimated that my home value increased by $14K. As part of the install, I bundled a "heavy-up" for $5K, which is an upgrade my house needed, but not strictly part of the renewable energy system. So total cash outlay was $30K. I immediately got back 26% in a federal tax credit: $7.8K So on balance, my system cost $8K cash, which was paid down by energy savings and SRECs within three years. The SRECs made the biggest impact.