In 2015, an in-depth report from the U.S. Department of Energy and the Lawrence Berkeley National Laboratory sought to answer an important question: do solar systems increase the value of homes? Essentially, the answer was a resounding “yes”—to the tune of $15,000. How Much Value Will Solar Add to Long Island Homes? Researchers parsed data [...]
Purchasing and installing a solar energy system can greatly increase your home’s value. But as many Long Island homeowners know, because of our astronomical property taxes, an increase in home value is a double-edged sword. The answer: with few exceptions, you will not see an increase in property taxes due to solar panel installation! New [...]