According to the National Renewable Energy Laboratory, every dollar saved by a solar panel on your electric bills increases the value of your home by $20. And according to Zillow, homes with solar panels sell for four percent higher than those without them.
A study from Lawrence Berkeley National Laboratory revealed an increase in resale value of approximately $5,911 for each kilowatt of solar power installed. The average U.S. home uses 10.5 kilowatts a year according to the Energy Information Administration (EIA), which equates to a $62,065 increase in home value.
So how can this be achieved for $0?
- Check if your home qualifies (receives adequate sunlight) and determine the needed system size. Do that here: https://www.harborsolar.live/znix/.
- Redirect your average monthly electric bill budget—money you would spend anyway—towards a solar loan for the system that will power your home. This approach locks you in at a monthly rate that never changes and is cheaper than your current electric bill. From 2000 to 2022, the cost of electricity rose annually by an average of 4%. In 2022, it surged by an average of 10%, and in some states, like Pennsylvania, increases reached as high as 93%: https://www.pahomepage.com/news/ppl-to-raise-rates-by-93-in-just-over-a-year/.
- Let the government pay you for going solar: The federal solar tax credit is back to 30%, making now an excellent time to install solar and start saving on energy costs.
- Take action and understand that you pay $0 for installation, applications, administrative assistance, design, and support. For example, if your average electric bill is $200, your new solar bill would be $150—with an end date—and the rate won't go up or change. You'll start saving $50+ a month immediately when your system begins producing electricity.
- Consider the monthly savings, the increase in home value, and the fact that the system pays for itself and earns you significant money, whether you end up selling the home or not.
