Do Solar Panels Sydney Increase Your Property Value?

Posted by AYKA Solar on June 1st, 2021

Solar power is renewable and one of the most popular sources of energy. For some customers, buying a solar system Sydney upfront can cause a hefty amount; its benefits and savings generate a great return on investment in the long run for you. Along with that, you can also be sure about your increased property value. How much will solar panels in Sydney increase home value? Several studies show that houses with solar panels are valued more and sold at higher prices than other houses without solar panels. Looking at the rising electricity prices, people are looking for ways to save money on their energy bills. Installing a solar system in Sydney is one natural as well as a wise way to save.

The value depends on the size of the installation. Usually, the more panels installed, the greater is your property's value. Many people are turning towards renewable sources of energy, and solar energy has become the most used in the last decade. Solar energy Sydney is not only a clean source of energy, but it's also affordable for your pocket and will eventually save you (or your tenants) money. If you want to give an edge on the property market and you're looking to increase the value of your house, solar panels can prove to be a good investment.

Factors that matter to Increase your Property Value with solar panels

• Your Location:

Your house location is an important factor determining how much value will be increased with solar panels in Sydney. For example, suburbs receiving maximum sunlight typically yield higher returns on solar installations compared to other suburb solar installations.

• Size of your Solar Installation:

The number of solar panels Sydney on your roof can accommodate directly relates to the property value increase of your house post-installation. Property value increase depends on the quality and quantity of the solar panels you have installed. The energy production of your solar panels in Sydney needs to be enough for your house.

• Your energy usage and savings:

One of the simplest ways to analyze your home value increase based on energy consumption is to run your cost-benefit analysis. The value of your solar system in Sydney will also differ based on the cost of electricity in your area. You can start by looking at your energy bill and then figuring out the cost of the system size you would need based on the kilowatt-hours used. 

• Quality of your solar panels:

The solar panels in Sydney are essential when it comes to calculating the value of your house. The technology, lifespan, and warranty for various manufacturers of solar panels, inverters, racking, and other types of equipment may vary widely. It's essential to invest time and do your research on choosing the best solar panels in Sydney to make the most of your long-term investment.

For many, a solar system Sydney is beneficial as an environmentally conscious investment and a good return on investment that pays for itself. But do solar panels actually add value to your home? 

Yes, they do. Installing solar panels is one of the crucial, safest, and wise decisions for long-term investments you can make as an Australian homeowner. If you are still figuring out your options to choose a perfect solar installer Sydney-wide, our team of solar experts is here to answer your questions and provide you with a free quote and estimate your savings potential.