Solar Panels in Long Island Do Increase Property Value
The answer to the question is simple: Solar panels in Long Island will increase your property value.
This isn’t just speculation. Numerous studies have been performed in the real estate industry. One 2019 study by Zillow Group found that homes with solar sold at a 4.1% premium compared to similar homes without solar, on average, across the United States.
Looking at New York specifically, the premium was even higher. The study found that homes with solar sold with a 5.4% premium. If you’re familiar with Long Island’s ridiculous electricity prices (let’s face it, we all are) then it will become obvious why that premium exists.
When a buyer looks at a house with solar panels, they see two things…
- They don’t need to pay for a Long Island power solutions system installation.
- They will enjoy low electric bills when generating most or all their power from solar.
In short, your investment in green energy in Long Island will become an asset that goes beyond your own usage. If you choose to sell your home, the solar system will be a compelling feature for buyers.