Trulia New Y…, Other/Just Looking in New York

When you install photovoltaic solar panels on your roof, how much do you get back in resale terms, beyond monthly energy savings?

Asked by Trulia New York, New York Mon Feb 11, 2013

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Zack King’s answer
You can expect solar panels to get you about 20k in resale depending on the percentage of the utility bill of that the solar panel cover.

Zack King
Keller Williams Estates Calabasas
(818) 825-7388
0 votes Thank Flag Link Sun Mar 24, 2013
many buyers today will pay a premium for a "green home"

In 2008 the NY state legislature approved City tax credits for installing solar panels on homes and businesses - encouraging private property owners to join the growing movement toward the use of renewable power.

Another bill, that passed, allows those who generate renewable power to sell what is unused back to the system, an incentive for individuals and businesses to install technology like solar panels.

More about green real Estate:
0 votes Thank Flag Link Mon Feb 11, 2013
Mitchell Hall, Real Estate Pro in New York, NY
i don't know if a solar panel roof alone is enough to get the typical buyer pumped up to pay more for the house because of that one feature.

Janet Nation, CBR
Sailing Home Realty
Direct: 646-321-9649
Office: 516-377-4760
Licensed Real Estate Salesperson
0 votes Thank Flag Link Mon Feb 11, 2013
We have a 5.5K solar system. I am not sure if it is a plus or minus to the value of the property. Part of me thinks that it is a plus because our 3000 sq ft house now has an average electric bill of $100 per month. On the other hand, one needs to understand how the inverter works and pay attention to the batteries that back up the system.
Flag Fri Dec 20, 2013
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