Installing solar panels for homes is a significant investment. These systems cost several thousand dollars and take years to recover costs through energy savings because of their high price tag. If you don’t plan to stay in your home for the entirety of your payback period, should you forgo solar installation?
The answer is no! Studies of home sales indicate that installing solar panels for homes can significantly increase resale value. If you don’t recoup the cost of installation over the amount of time you remain in the home, you will likely be able to recover a great deal thanks to a higher selling price. This benefit can make installing solar panels for your home the right choice even if you plan to move in the future.
Studies show that solar panels for homes increase the value by 3 to 4 percent. The average home has a 5 kW solar energy system, which can increase equity by about $9,000.00. Before you decide to install a solar panel system in your home, think about how long you plan on staying and then energy savings you’ll achieve during that time period. If you won’t be meeting the payback period on energy savings alone, think about how the raised resale value will benefit you come time to sell.
Not only are the systems a valuable addition to the home, they also create value. Interested buyers can be attracted to homes with solar panels because they present a higher potential for energy savings. Wouldn’t you want to move into a new home that is going to help you save for all the years you are living there?
Solar panels for homes are also attractive for buyers looking to go green. Because they limit utility use, homes with solar panels reduce pollution and greenhouse gases. Greening your home through solar panel installation not only improves resale value, but can also attract another market of buyers to your property.
The answer is no! Studies of home sales indicate that installing solar panels for homes can significantly increase resale value. If you don’t recoup the cost of installation over the amount of time you remain in the home, you will likely be able to recover a great deal thanks to a higher selling price. This benefit can make installing solar panels for your home the right choice even if you plan to move in the future.
Studies show that solar panels for homes increase the value by 3 to 4 percent. The average home has a 5 kW solar energy system, which can increase equity by about $9,000.00. Before you decide to install a solar panel system in your home, think about how long you plan on staying and then energy savings you’ll achieve during that time period. If you won’t be meeting the payback period on energy savings alone, think about how the raised resale value will benefit you come time to sell.
Not only are the systems a valuable addition to the home, they also create value. Interested buyers can be attracted to homes with solar panels because they present a higher potential for energy savings. Wouldn’t you want to move into a new home that is going to help you save for all the years you are living there?
Solar panels for homes are also attractive for buyers looking to go green. Because they limit utility use, homes with solar panels reduce pollution and greenhouse gases. Greening your home through solar panel installation not only improves resale value, but can also attract another market of buyers to your property.
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