March 15, 2019
Owning a home is one of the biggest investments that you will ever make in your lifetime. Therefore, when it comes time to sell your home, you want to be sure to make the biggest return on that investment. Adding solar panels to your home is a great way to increase your property value and attract potential homebuyers while reducing your monthly energy consumption in the process.
Home Value-Boosting Benefits of Solar
Environmentally-conscious homebuyers are searching for eco-friendly properties that will generate a return on their investment. The green technology of solar can accomplish that, and so much more. Solar panel systems provide many appealing benefits for potential homeowners interested in:
- Saving money each month on their utility bills
- Reducing their carbon footprint by generating their own energy
- Receiving state and federal tax breaks and subsidies
Sell Your Home for More
Homes installed with a solar panel system can demand more money on the real estate market than non-solar homes. The increase in home value is determined by the number of watts generated by the home’s solar panel system. A 2015 study by California’s Berkeley Lab showed a rise in property value by three dollars per watt in many states. With the average system size around 5,000 watts, homes outfitted with solar panels are being listed for around $15,000 more than properties without solar. Homebuyers recognize the perpetual value of a solar panel system. That’s why solar homes don’t last long on the market.
Save Money While Increasing Value
Even if you are not planning on moving any time soon, adding solar panels is one of the best improvements you can make to your home. With the utility bill savings it provides each month, your solar system will pay itself off by the time you decide to sell your home. Then, when you are ready to move out, your home value will have increased significantly.
Solar: The Smart Home Investment
If you are looking to sell your home down the road and want to increase the value of your property, then consider adding solar panels to your home. For help determining if your home is a good candidate for solar power, contact the solar experts at Professional Electrical Services. At PES, we provide homeowners with a free estimate and zero-down financing on conventional residential solar panel installations. To get started on your savings, contact us today.