Get matched with top solar panel pros in New Sharon, ME

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.

While you can minimally overshoot the number of solar panels you need for your home, it's not smart to go too far. Not only is the extra cost unnecessary, but your state may put caps on how much energy your home can produce and send back to the grid. It is always best to work with a solar energy professional to determine the best system size for you.

• Installing a new electrical meter box

• Replacing your meter base

• Replacing your service entrance cable 

The cost to install or upgrade an electrical meter box ranges from $100 to $650, including $50 to $250 for the unit. The meter base passes the power from your electric company to your panel. The cost to replace a meter base is roughly $50 to $250. 

Service entrance cables are electrical cables with multiple wires, bringing power from electrical companies to residential buildings. The cost to replace a service entrance cable ranges roughly from $1,000 to $1,500.

Solar batteries can be a great investment to help maximize your solar savings and make your system and home more valuable, but they’re most beneficial to customers who don’t have access to net metering. If your state or energy provider doesn’t provide net metering, batteries can be a great way to offset consumption even when your panels aren’t producing power. They also come with the added benefit of providing electricity through blackouts, so they’re valuable in areas prone to severe weather that could cause frequent blackouts. Your installer can help you decide if batteries are worthwhile.