Have you ever wondered if installing solar panels increases property value?
The house is future-proofed by installing solar panels
Installing solar panels is a modern, progressive addition to a house. A preinstalled solar system is a huge bonus that promises reduced power bills for these buyers and the sense that their new home is future-proofed. Solar panels not only allow you to reduce your carbon footprint and save on energy costs in the long term, but they can also raise the value of a home and make it more appealing to future buyers. In some cases, the cost savings from using solar energy can offset the upfront cost of installing the panels. Isn’t that amazing? So, installing solar panels does increase your property value!
Installing solar panels is energy efficient
As we know now, installing solar panels is a good idea for everyone. Solar panels can provide a clean and renewable source of energy. Installing solar panels on your landed property would be energy efficient. Plus, there are also the government incentives that many of you are now aware of. There are incentives offered for solar-powered homes, such as tax credits or rebates. This can make your home more appealing to buyers who are looking for energy-efficient options.
Solar-powered home demand increased
Furthermore, an increase in demand will always be there. As solar technology becomes more widespread, there may be an increased demand for homes with solar panels. The age of your solar system is also important. They usually last for 25 to 35 years, possibly 40 years if they’re in optimal condition (some even said it is possible to make them last more than 100 years if they are handled well). So, homes with newer solar systems will provide more years of future use than a house with a system that’s 10 or more years old. This can drive up the value of your home.
Conclusion
It’s important to note the extent to which installing solar panels will increase the value of your property. This includes the local real estate market and the size and efficiency of your solar panel system. Your geographical location also plays an important role. So, it’s a good idea to do some research and talk to a real estate agent or appraiser to get a better sense of how solar panels may impact the value of your home. While you do that, don’t forget that you can always call us at Verdant Solar to get a free consultation. We’ll explain everything you need to know, so grab your phones!
