Do Residential Solar Panels Increase Home Value?
Posted by Sunboost on December 7th, 2021
As electricity bills skyrocket with mounting costs of basic amenities, people are now more inclined towards renewable energy sources. As a result, high investments are being made towards installing resources such as solar for homes. Residential for solar has become increasingly popular for its long-term investment returns, eco-friendliness, and off-grid power generation capability. Moreover, one of the best advantages of installing solar panel systems in your residence is increasing your property\'s market value.
Installing residential solar is quite an upgrade for your home, especially regarding property value estimation. The investment in solar energy pays back in a matter of fewer than six months, alongside reducing your energy consumption and dependability on the primary power grid. In addition, the cost of a standard rooftop solar system and battery is often recovered in the home\'s sale price. Furthermore, homeowners who install solar are compensated with decreased electricity costs and substantial tax benefits that may pay the solar system\'s expenses over the warranty length.
Energy consumption is bound to get expensive over time due to escalating demand and depleting resources. With that in mind, it’s a given that properties with solar systems installed are sure to surge in value. Consequently,residential solar panels are taken positively and are often the key selling point for a property as they offer reduced electricity costs to the buyers.
Research by surveying real estate agents and buyers shows that energy-efficient homes installed with solar panel systems have become a priority and sell 20% faster than traditional homes.
Many variables affect solar panel valuation. However, here are some key points you must know.
Furthermore, as a property owner, you have numerous benefits in the real estate market, such as:
Property owners who intend to sell their solar energy system should consider that potential buyers seek documentation that proves that the installation was done correctly by an experienced solar expert and that the system lowers its utility costs. Sunboost is trusted by clients all over Australia, with reputable and professional installers and advisors ready to advise and teach you how to track the cost savings on your utility bills.
The buyer may obtain a 200 percent return on the sale price premium with a house solar system. A solar system installation offers these additional advantages:
Residential solar panel installation is a prudent investment. Whether you\'re flipping a house for a better price or making it your life-long home, the value of your property having a solar system is sure to rise. This extra value reduces the importance of payback periods. Instead, you can repay your investment and profit from a subsequent sale.
Use the sun to your advantage. Add Sunboost solar panels and a home battery to your house and increase the value of your home. Sunboost gives you control over your electricity usage, protects you from power outages, all while keeping the environment clean. Solar power is as dependable as the sun. Over 19% of Australian residents have increased the value of their homes with Sunboost—get a free quotation now to connect with one of our certified Solar Advisors.
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About the AuthorSunboost
Joined: October 22nd, 2020
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