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Oct 16 2019
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Zillow Report Increase Home Property Value

Going Solar in These Top 10 States Will Increase Your Home Property Value

By Best Solar Panels for Homes in 2026, Increase Your Home Property Value No Comments

According to a recent report by Solar Energy Industries Association (SEIA), the U.S. installed 2.1 GW of solar capacity in Q2. The solar industry reached new heights after hitting a 2 million milestone of total solar PV installations. As the industry continues to adopt solar technology, these numbers are expected to double in a matter of four years. We know solar PV helps homeowners save money on their electric bills with cleaner energy, but does it boost their home property values? And by how much?

A recent Zillow research reports that some states are proving that solar power does in fact increase a home’s value. The report also shows that homeowners are evaluating their return on investment with solar energy and how this investment lumps into the same category as similar home improvement projects like kitchen renovations.

Rooftop Solar Can Increase the Value of a Home by Up to 4.1%

Zillow conducted research on solar and the research shows solar PV can actually increase the value of a home by up to 4.1% versus homes with no solar panels. This figure translates to an additional $9,274 for the median-valued home in the U.S. The report proves there are more benefits than just reducing monthly utility bills and sourcing cleaner energy. As more and more states require solar panels on new homes (and buildings) and with the continued growth in solar installation, homeowners will find additional value to solar installation.

In addition to saving money on monthly utility bills, homeowners find value in homes that allow them to live more eco-friendly. Climate change has greatly impacted severe natural disasters and the appeal of living more conscious-minded is becoming a trend–even within home buyers.

Zillow Senior Economist, Sarah Mikhitarian, states, “There is increased demand for green living. More than 80% of buyers now say energy-efficient features are important in selecting their home.”

Let’s take a look into the report that compares the sale price of homes with and without solar between March 2018-February 2019. Zillow analyzed various details for this report such as: location, market value at the time the property was listed for sale, as well as the time of the year the home was sold.

Top 10 States With the Highest Solar Premiums

1. New Jersey

9.9% or $32, 281 for the median-valued home

2. Pennsylvania

4.9% or $8,589 for the median-valued home

3. North Carolina

4.8% or $8,996 for the median-valued home

4. Louisiana

4.9% or $7,037 for the median-valued home

5. Washington

4.1% or $15,916 for the median-valued home

6. Florida

4% or $9,454 for the median-valued home

7. Hawaii

4% or $24,526 for the median-valued home

8. Maryland

3.8% or $10,976 for the median-valued home

9. New York

3.6% or $10,981 for the median-valued home

10. South Carolina

3.5% or $5,866 for the median-valued home

Bottom Line

It is important to note that no solar premium is the same throughout the entire state, it actually depends on the city itself. For example, homes in New York City are 1.8% higher than it is statewide. 

Does your home state fall under this list? What do you know about solar in your home state? Join the millions of homeowners who are making the switch each and every day towards a cleaner future with great energy savings that will pay off in the future. Get started today with a trusted Energy Advisor to learn about the best solar options for your home.

Report by: Zillow

Oct 04 2019
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Q CELLS Opens New Solar Factory in Dalton, Georgia

Q CELLS Opens New 1.7 GW Factory in Dalton, Georgia

By Best Solar Panels for Homes in 2026 No Comments

South Korean solar panel manufacturer, Q CELLS, recently celebrated a monumental milestone last month. The company opened their fourth solar factory in *drum roll please* the United States, it’s fourth largest market. The new facility in Dalton, Georgia, is officially the largest solar factory in the Western Hemisphere.

Headquartered in Seoul, South Korea, Q CELLS is known for its high-quality photovoltaic solar cells and modules. The company currently operates in South Korea, Malaysia, and now Dalton, Georgia, the “Carpet Capital” of the United States. The company officially opened its doors on Friday, September 20 and celebrated with a ribbon-cutting ceremony. In attendance were Q CELLS company leaders including CEO Hee Cheul (Charles) Kim, Georgia Governor Brian Kemp, a representative from President Trump’s Commerce Department (Assistant Secretary of Commerce Jeffrey Kessler), as well as local officials.

A 1.7 GW Factory

Q CELLS invested $200 million into the new facility, the largest solar manufacturing facility in the Western Hemisphere. With a 300,000 square feet facility and over 600 employees, the factory aims to produce 12,000 solar panels every day until the end of 2019. Its expected annual module production is at a capacity of 1.7 GW. Talks of the new facility in Georgia sparked last spring, just four short months after the announcement of the 30% tariff on all foreign produced solar modules.

“The announcement signifies our dedication to the U.S. market and the fulfillment of our promise to provide high-quality solar modules assembled in America, while leaving a positive impact on our economy of Georgia.”

– Hee Cheul (Charles) Kim, CEO of Q CELLS & Advanced Materials

Growth in the U.S. Market

Kim is dedicated to increasing the “strength of American solar manufacturing in Georgia, for the benefit of our customers around the country.” As mentioned above, the factory is well on its way to growing the solar industry with its 650 people workforce as it aims to produce 12,000 solar panels every day in its new 300,000 sq. feet factory. These numbers indicate Kim’s vision of contributing to a “cleaner, sustainable future for the planet” as it works towards growing the U.S. solar industry by growing the market’s demand and lowering costs, all while making photovoltaic solar more attractive to the U.S. market.

Many tech giants are setting great examples as proponents of renewable energy. Apple, Google, Amazon, and Facebook are just one of the many tech giants leading the way. Among the list, Facebook recently committed to 100% renewable energy at its new data center in Newton County, Georgia. Walton Electric Membership Corporation, a consumer-owned utility, will be providing the power for Facebook’s data center. One of the developers, Silicon Ranch Project will be building the solar plants and installing solar modules from Q CELLS’ new facility just less than 200 miles northwest of the new data center.

Q CELLS is one of the top solar panels selected by Solar.com customers. Head to our online platform to access real-time quotes from local installers who carry Q CELLS panels and speak to a dedicated Energy Advisor to learn more about your options. From now until the end of the year, get $599 when you refer your friends to go solar on our platform!

Cover image source: Q CELLS