Do Solar Panels Add Value to Your Home in Fairfield County?

With energy costs on the rise and more homeowners looking for sustainable solutions, solar panels have become an increasingly common sight across rooftops in Fairfield County. But as more homeowners consider installing them, one question continues to surface: do solar panels actually add value to your home? The answer isn’t so straightforward. It varies significantly depending on your perspective — whether you’re a bank appraiser, a potential buyer, or the homeowner yourself.

Do Solar Panels Increase Home Value? What Buyers, Appraisers, and Homeowners Should Know

How Appraisers View Solar Panels

From an appraiser’s perspective, solar panels typically have little to no impact on a home’s appraised value. Appraisals are based on comparable home sales in the area, and in many towns, there isn’t enough consistent data to show that solar installations directly lead to higher sale prices.

Additionally, appraisers are not permitted to include projected energy savings in their valuation. Even if your monthly electricity bill has dropped significantly, those savings won’t be reflected in your appraisal report.

The situation becomes more complicated if the solar panels are leased or installed through a power purchase agreement (PPA). In these cases, ownership remains with the solar provider, and transferring the lease to a new buyer can introduce contract complications — often viewed as a downside rather than a selling point.

What Buyers Think About Solar Panels

Buyer opinions on solar panels are mixed. While some appreciate the environmental benefits and long-term energy savings, others have concerns. Common hesitations include:

• Aesthetic concerns, especially in areas known for historic architecture or traditional New England charm

• Roof condition worries, such as potential damage beneath the panels or future costs for removal and reinstallation

• Lease agreements, which can deter buyers who don’t want to take on a long-term contract with a solar company

In competitive real estate markets, where buyers already face many decisions, this added layer of complexity can create hesitation or reduce buyer interest.

The Real Value for Homeowners

For homeowners planning to stay in their property long-term, solar panels can offer significant financial benefits — even if they don’t boost resale value. If the system is owned outright, the reduction in monthly utility bills can add up over time, potentially saving thousands over the course of a decade.

Additionally, federal and state solar incentives can help offset the initial cost of installation, making the investment more affordable and appealing.

And for those who prioritize sustainability and energy independence, the environmental value is clear: solar panels reduce your carbon footprint, generate clean energy, and align with a more eco-conscious lifestyle.

So, do solar panels add value? It depends. If your primary focus is resale — especially in the short term — they may not provide the return you expect. But if you’re planning to stay in your home and want to lower your energy bills while investing in sustainability, solar panels can absolutely be a smart move. As with most home improvements, the key is understanding your goals — and knowing how your choices will be perceived by the next person who might own your home.

If you're considering updates to your home and wondering which choices will actually add value or improve marketability, I’d be happy to help. Every home and every market is different, and it’s important to make decisions that align with your long term goals. Whether you’re planning to sell soon or simply want to invest wisely in your property, feel free to reach out. I’m always available to offer guidance tailored to your home and your local market.

Jennifer Lockwood: (203) 650-6870