undefined | Better HN

0 pointsitronitron7y ago0 comments

You don't want it to add value to your house because then you will end up paying higher property taxes on a higher appraised value. The benefit of solar can be stated to a prospective buyer as X dollars less on utility bills each year.

0 comments

3 comments · 2 top-level

URSpider947y ago· 1 in thread

Huh??

I buy a house for $100k. I put $15k of solar panels on it. I go to sell it a year later, and sell it for $100k. That is what it means for solar panels not to add value - I just lost my $15k investment.

Incidentally, that appears to be the case for residential solar in CA. It doesn’t factor in appreciably to the price of a home.

itronitronOP7y ago

Your neighbor buys a house for $100k, doesn't install solar and then sells their house a year later for $85k.

chii7y ago

But if the panel doesn't increase the sale price, then you've effectively lost three investment in them when selling.

j / k navigate · click thread line to collapse