Will Adding The Big Ugly To My Roof Affect The Home Value

You might be wondering what exactly is the "big ugly"? You know those big ugly solar panels that are popping up all over the place on peoples homes. Solar panels have become increasingly popular due to their ability to save home owners money on their utility bills as well as being a green energy source.

Will Adding The Big Ugly To My Roof Affect The Home Value

While saving money is always a good idea, does adding solar increase home value? This of course is one the minds of many folks as a constant stream of systems are added to the landscape of homes all across the US.

In fact real estate agents are asked this question all the time from both home owners and buyers alike. Do you know the answer? Would you venture a guess? The answer may surprise you as it really depends on a number of factors including:

* Where the home is located.

* Whether the solar panels are leased or owned.

* What type of property you have.

* How expensive the property happens to be.

* Whether the solar panels are installed on the front or the back of the home.

* Last but not least how much money you will be saving.

Each one of these factors can make a huge difference when it comes to how much value a solar panel system adds to a properties value!

For example some homes with a solar panel system located in the front look like absolute garbage. Can you imagine the look on a beautiful home with intricate details, a beautiful facade, gorgeous porch and then an UGLY metal and glass structure on the roof?

Saving energy is nice but not at the expense of making your home look like an eye soar. This in fact could actually make your home harder to sell as numerous buyers reject the notion of looking at an terrible looking bunch of solar panels.

The area in which you live can also play a big role in the market attraction with solar panel systems. Out on the West Coast right now many areas love the idea of having solar homes. Don't assume however that this is the case everywhere - it is not!

Before deciding on adding the big ugly to your roof make sure you can add it to the back. Having a solar panel system in the back of your home is far more architecturally pleasing!

Do your research when it comes to leasing or owning - there is an enormous difference between the two when it comes to market values. (You get no value out of a leased system.) The bank appraiser will not add a stitch of value to a home that has a leased system.

If you are strictly interested in solar panel systems for the fact that they will save you a ton of dough and keep the earth green then rock on! Just be sure you understand they may or may not add any value to your property.

As we move forward it will be interesting to see if solar powered homes continue to be all the rage.