Pros of installing a skylight include the fact that you will get much more natural light in your home, skylights can make your room look bigger than it actually is, and your home may increase in value. Cons include difficult upkeep (you may have to get on a ladder to clean and maintain them), higher installation costs, and, potentially, too much heat gain from all the extra sunlight.

When planning out skylights and deciding how big they should be, it's important to look at the dimensions of the interior space. In addition to changing a room aesthetically, skylights influence the illumination and temperature of the space below. The U.S. Department of Energy recommends that a skylight’s size should never be more than 5% of the floor area in rooms with many windows.

In most cases, installing skylights will add value to your home, making them a worthwhile investment for many homeowners. Buyers are often attracted to the aesthetic appeal of skylights, as they make rooms feel brighter, airier, and more spacious by introducing natural light without compromising privacy. Beyond aesthetics, skylights can offer monetary benefits by potentially reducing energy bills. Additionally, models that can be opened provide extra ventilation, which is particularly useful in hotter climates for allowing accumulated hot air to escape from the ceiling. However, the return on investment depends on several factors. To maximize value, it's crucial that the skylights are installed by an experienced professional to avoid risks like water damage, which can deter savvy buyers. Regular maintenance and cleaning are also important. Furthermore, choosing the right frame and glazing materials for your specific climate will enhance their performance and appeal. While skylights are generally seen as an asset, homeowners should also consider the initial cost, which averages around $1,500 for installation.

Most homeowners insurance policies cover skyight damage that is caused by hail. Hail damage is considered a covered peril under most standard insurance policies. However, this only applies if your skylights were properly installed. Also, insurance policies vary, so be sure to check your individual policy to see if skylight hail damage is covered.