Installing Solar Panels: Avoid Property Tax Adjustments

If you are looking to install solar panels anytime soon, you will be pleased to know that in general, most solar panel installations won’t result in any kind of property tax adjustments for your home.

Besides researching the best solar loans available, it is important to have the correct permissions to install and mount solar panels on your home or property. A recent solar customer was surprised to hear that his house safely passed from a possible tax readjustment on his house. A tax readjustment occurs when you extend your home, property or build on your property. 

The customer mounted solar panels over a structure he had built on his patio to serve as both an energy-providing resource and a roof. He was able to provide the proper forms needed before mounting his panels that allowed the panels to be tax exempt. 

Most states provide a tax exemption on solar panels installed on homes to encourage more home owners to invest in solar. After all, who is going to want to even look at solar loans if you are going to end up with more taxes to pay for? It is a great investment that adds value to your home, and it provides renewable energy to the home, which benefits the community and environment. 

Although states push for homeowners to invest in solar panels, there are ways that your property tax could increase if you do not go through the proper channels. If you lay down cement and build a new structure for your panels, it could cause a readjustment on your property. If you do not submit the proper forms to your HOA or city, you could run into some issues later. 

Ensuring that your property is set for a solar panel installation is as easy as finding solar loans. You just need to evaluate the size of the installation you want, find the best place to mount them on your property and then submit the desired changes to a city planner. 

People are generally concerned with their return on investment when considering solar. Now you know that if you are just mounting panels on an already-existing structure, you won’t have to worry about any sort of property tax adjustments on the house. If you do plan to build any new structures, talk with a city planner and there may be a way for you to still avoid the readjustment.

Why wait? Find the solar loans you need to save money, use natural resources and increase the value of your home without seeing any tax adjustments. 

Eric Simmons is a renewable energy writer for Fusion 360, an SEO and content marketing agency. Information provided by Elements Capital Group. Follow on Twitter.