Do Solar Panels Increase Home Value in Florida?

Do Solar Panels Increase Home Value in Florida?

Multiple studies have consistently found that solar panels increase home sale prices — and Florida is one of the best markets in the country for solar-driven home value appreciation.

How Much Does Solar Increase Home Value in Florida?

Research from Zillow found that homes with solar panels sell for approximately 4.1% more than comparable homes without solar. For a $400,000 home in Palm Beach County, that is approximately $16,400 in additional value. The Lawrence Berkeley Lab's Selling Into the Sun study found that solar homes sell for a premium of approximately $4 per watt of installed solar capacity — for a 7 kW system, that is $28,000 in added value.

Florida's Property Tax Exemption Protects Your Tax Bill

Florida's property tax exemption for solar means that even though your home's assessed value increases due to solar, your property taxes will not increase as a result. You get the higher sale price without paying higher taxes during ownership.

Do Solar Panels Help Homes Sell Faster?

Studies suggest that solar homes sell faster than comparable non-solar homes. Buyers increasingly value low utility costs, and a home with a solar system that eliminates or dramatically reduces the electricity bill is a compelling selling point in Florida where cooling costs are substantial.

What Happens to Solar Panels When You Sell Your Home?

If you own your solar system (purchased outright or financed with a loan), it transfers to the new owner as part of the home sale. If you have a solar loan with an outstanding balance, it can typically be paid off at closing from the sale proceeds. Leased systems are more complicated and can delay home sales.

Invest in Solar, Invest in Your Home

Going solar in Florida is one of the few home improvements that pays for itself through utility savings AND increases your home's resale value. Contact Palm Beach Solar at (561) 220-7753 for a free consultation.