Solar Panels are a Good Investment?
Q: We were thinking about installing solar panels on the top of our home in Nassau Region, New York, despite the fact that we hope to move in five years or less. Several real estate agents advised us not to install the panels as they would adversely affect the resale value not too far off. What is your advice on this?
A: Solar panels can be a valuable investment for a mortgage holder, with benefits that stretch out past resale value. However, all homes don't reap those advantages, and you'll have to do a research to sort out whether or not the considerable forthright expenses are worth the effort. When you sort that out, you can start pondering resale value.