According to the U.S. Department of Energy, a home’s resale value increases by $15,000 when a solar system is installed. Most states offer solar property tax exemptions as an incentive for homeowners to go solar.
Solar Property Tax Exemptions remove the added value of a solar system from the valuation of your home for tax purposes. While the value of your home increases due to installing solar, your state property taxes will be for the pre-solar value of your home which is lower.
If you live in a state with solar property tax exemptions, you will not owe additional property taxes for the increased value of your home. Your tax savings will depend on your state and how much solar panels typically increase home values in your local area.
This is one more reason why going solar is a smart investment for your home.