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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.

Homeowners replace their solar panels after 25 years. That said, you don’t necessarily need to replace them at the 25-year mark. You’ll notice a declining ability to produce electricity over time. Most homeowners spring for a replacement when they notice their energy bills creeping up to regular levels or when solar panel repairs are extensive, frequent, and no longer economical.

In most cases, solar panels are covered by homeowners insurance because they are considered a permanently attached part of the home, and you may not need additional coverage. However, it is essential to read the fine print of your specific policy to understand the extent of the coverage, as some policies might only cover certain types of damage, such as hail. Always check with your insurance provider before installing solar panels to ensure your policy provides adequate coverage for your investment.

There are a few great questions to ask a solar contractor or inspector when you speak to them. You’ll probably want to find out about the energy yield and efficiency of your array, ensuring the actual output matches the amount you calculated when installing the array in the first place. It’s also a good idea to find out about any damage or wear and tear on the array and to inquire about how soon you need to make repairs or replacements to essential components.