Friday, December 17, 2010

Adding Solar Panels does not Increase the Value of your Home

I wanted to know, so asked my local councilor, if adding solar panels to my roof would:

a) increase the value of my property and hence increase my property taxes.

b) would selling power to the utility in a residential zoned area violate any bylaws.

The answer I got back on the second was no. I find that interesting and contradicting since my neighbour, who grows flowers to sell, was told not to because no commercial enterprises are allowed in residential areas.

The second answer I got on the first one floored me. No they do not increase the property value. Apparently such decisions are done through the Municipal Property Assessment Corporation. The reply from them is that solar panels are considered a heat source, so adding that won't affect the property value.

I find that very strange that someone can put up $100,000 worth of panels on their roof, sell the power to the public grid, and this is somehow providing a heat source to the home? Sounds to me that the Liberals are involved on this and a loop hole that can be filled PDQ with a new government.

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