Savvy homeowners are always looking for ways to add value to their home. Whether it’s making cosmetic updates, adding square footage, or improving energy efficiency, there are many avenues to explore. And as solar technology continues to develop and become more affordable, more and more homeowners are considering solar panels as a way to not only add value but also save money on their energy bills.
So, do solar panels really add value to your home?
The answer may surprise you.
Solar panels can increase your home’s value by up to 4%.
According to a study by the National Renewable Energy Laboratory, installing solar panels on your home can increase its value by up to 4%. This is because solar panels are seen as a valuable upgrade by potential buyers, who are willing to pay more for a home that comes equipped with them.
Solar panels can make your home more attractive to buyers.
Not only do solar panels increase your home’s value, but they also make it more attractive to potential buyers. In a survey of 2,059 real estate professionals by the National Renewable Energy Laboratory, it was found that solar panels are the most desired home feature by homebuyers.
Solar panels can help you sell your home faster.
In addition to making your home more valuable and attractive to buyers, solar panels can also help you sell your home faster. In the same survey by the National Renewable Energy Laboratory, it was found that homes with solar panels sell 20% faster than homes without them.
Solar panels can save you money on your energy bills.
One of the main reasons why homeowners install solar panels is to save money on their energy bills. And it’s no surprise why – according to Energy Sage, the average homeowner can save $84 a month by switching to solar. That’s over $1,000 a year in savings!
Solar panels can help you become energy independent.
Solar panels give you the ability to generate your own electricity, which means you can say goodbye to your monthly electric bill. In fact, if you generate enough electricity, you may even be able to sell some back to the grid and make a profit!
Solar panels can increase your home’s resale value.
As we mentioned before, solar panels can increase your home’s value by up to 4%. But that’s not all – according to solar energy company SunPower, homes with solar panels have been shown to resell for 9.1% more than homes without them.
Solar panels can help you take advantage of government incentives.
The federal government offers a tax credit of up to 30% for homeowners who install solar panels on their home. There are also many state and local incentives that can save you even more money.
Solar panels have a long lifespan.
Solar panels are built to last – most come with a 25-year warranty. And with proper maintenance, they can last even longer. This means you can enjoy the benefits of solar panels for many years to come.
As you can see, there are many reasons why solar panels add value to your home. If you’re considering making the switch to solar, be sure to contact a reputable solar installer in your area to get started.