Nearly 3 in 5 American know that solar panels increase the value of their home.

[Tom4value]

I also know that 100 out of 100 appraisers know that if the system is leased, the system increases the value by 0%.

 

[sputnam]

It's called 'commercial hyperbole'. It's what makes it legal for every hotdog joint in town to claim their food is the best.

I don't think it's purely financial consideration for most people who add solar. They are environment minded or they want to have some protection for the zombie apocalypse.

 

[Carnivore]

deleted

 

[George Hatch]

It's my assumption that the system costs will continue to come down and the energy costs will continue to increase. IF SO, then the math changes.

In the Palm Springs area built-in pools are so common that in some price ranges the difference in contributory value between the haves vs have-nots is equal to or a little higher than the costs of install after physical depreciation. I think the same could possibly occur with solar. In some markets, anyway. The property gets penalized for not having it.

Never say never. How the market reacted to this feature 3 years ago may not be the same as the reaction 3 years from now.

 

[Bob Ipock]

If I consider all of the aspects of the analysis, including the ones the PV caculators omit, the shortest break-even for SFRs that I've seen is ~15 years although shorter is possible.

Meanwhile, the present value in 2024 of a $20k purchase that was made with 2009 dollars is over $29,000. You have to pay $29k in cash today to get the equivalent purchasing power of a $20k investment you made in 2019. $29k in net income, not gross income. Not to mention losing out on the potential proceeds you might otherwise have earned in spending that $20k differently in 2009.

"Adds $10k to the resale price" + accrued savings in electric bills is cool and all, but it doesn't look so great when compared to spending that same $20k in a 2009 investment into Amazon stock. ($4.20 in 08/2009) vs ($161 in 08/2024). $20k into that stock in 2009 would have resulted in a 2024 payout of $700k. That adds a whole lot of opportunity cost to using that money for a solar install.

I am one of the two out of five that did not know this! In addition, I do not believe it. In my county there is nearly no demand for solar panels.

 

[Carnivore]

Here is a good page for my electricity provider Duke

Renu Energy Solutions | Duke Power Pair Rebate

Duke Energy PowerPair Rebate is for North Carolina customers who purchase new rooftop solar + battery backup systems

renuenergysolutions.com

 

[Elliott]

The scam is that the 'rich' are the ones that can buy most systems and the middle and lower quartiles of tax payers ends up with the bill. Same for EVs. If they make 'economic' or market sense, then they don't need to be subsidized.

 

[shrubberyvaluation]

The scam is that the 'rich' are the ones that can buy most systems and the middle and lower quartiles of tax payers ends up with the bill. Same for EVs. If they make 'economic' or market sense, then they don't need to be subsidized.

Yep, saw almost every townhouse in one community with them. It was a cheaper community for the city and market participants would almost never buy such a thing unless it was heavily subsidized.

 

[Fernando]

Solar panels owned are hard to adjust. If no comps, how to adjust? At cost?
There is some value.

 

[Vermonter]

I also know that 100 out of 100 appraisers know that if the system is leased, the system increases the value by 0%.

Oddly enough there was a short period when leases first became popular around here that there did appear to be a small positive market reaction.

Then everyone read the fine print, realized they weren't that great a deal (not to mention a liability in resale) and that positive reaction turned negative for a while