Solar Panels to rehabs for Single Family Homes*

[Janvier Snead]

I have a question for everyone whether you are an investor who plans on renting out your property or one who plans on flipping a home that you have rehabbed.

Would you guys be willing to or do you think it is a good investment to add solar panels to your properties for the value increase to the home, the efficiency, and to add as a sales point? Or do you guys feel it isn’t worth it?

Or even for your personal home?

On average the cost to install is $10-18k in materials.

The increase in home value can go up to $14-15k or 4.1% compared to homes without solar panels with $9,274 being the median value of increase for homes in the US.

So what do you guys think?

[Andrew Smith]

I am in the solar industry but will tell you that for flips, solar is not going to pencil out if you are flipping within 12 months unless you are mandated to put solar on, for example in California (depending on how significant the remodel).

If you are flipping to hold and/or it's your primary residence, in TX certainly the numbers will almost always be in your favour.