Home Equity and Refinancing
Germany in WW2
Solar Power

Will solar power increase the value of a home?

Top Answer
User Avatar
Wiki User
September 02, 2010 11:02AM

A study published in the Appraisal Journal showed that a home's equity increases $20 for every $1 saved in annual utility expense. This means, if you install a solar power system to your home that saves you $1,200 each year in electricity bills, then the value of your home will increase approximately $24,000 immediately. The best part is that this increase in value is tax-free!