Get matched with top solar panel pros in Fraser, CO

Yes, installing solar panels or a solar roof can increase your home's value by approximately 4% to 6%. For a home with a median value of $429,000, this could translate to an increase of around $17,000. A well-maintained solar installation appeals to environmentally-conscious buyers and those looking to lower their utility bills, often helping homes sell faster and at a premium in areas with high electricity rates. However, the exact increase in value depends on factors like the local real estate market, energy costs, and available solar incentives. It's also important that the system is correctly installed and maintained; an older or poorly maintained system may not add significant value, particularly if it's near the end of its lifespan. Other solar features, like panels on a shed, can also boost your home's value.

The time it takes to install solar panels depends on the number of panels and the size of your home, but installation takes between two and three days of work. While most contractors can install the panels over the course of a couple of days, switching to solar energy can take two to three months in total. This includes the time it takes to design the system, procure the parts, obtain the permits, install the panels, connect to the main power grid, and get an inspection.

Ideally, you want to place them facing true south. This is different from what a compass shows, which is called the magnetic south. You can find true south by using an online calculator as long as you know the longitude and latitude of your property. Solar panel placement is key to maximizing the energy you generate, so this is an important step.

Installing solar panels is worth it if you’re frustrated with paying high utility bills, live in a sunny location, and qualify for tax credits and incentives. Most homeowners cut between $650 and $1,500 from their utility bills each year by installing solar panels. Over the course of your panel’s warranty, you could save anywhere from $16,300 to $37,500, though those in sunny areas with high energy costs could save more than $100,000.