Do Solar Panels Increase Your Home’s Value?

ByBruce Manning

If you’re thinking to add value to your home, consider this: solar panels can add as much value and you can also select solar panel packages. Get a free quote today

Solar panels could be the best way to increase your home’s value. According to some property experts, it’s important to invest time and money into your home in order to keep it nice and maintained while upgrading certain aspects of it which could enhance your lifestyle or help add value to your home. This can be beneficial in case you’re looking for a future sale when the time is right.

Increasing the value of your home makes a lot of sense, but what is the best way to do this? Not all changes or improvements are calculated to be profitable. This may not matter so much if you intend to stay in the home for many years and will get a lot of solar value out of it yourself.

What About Solar Power?

Solar power is a great investment for most homeowners. Why? It helps you save on electricity bills, which in turn improves both the value of your home and makes it more attractive to potential buyers who won’t have to worry about how much the electric bill will cost them every month.

Solar assisted hot water systems have been around for many years and solar power is now a more common form of energy than others. More people use solar specifically for generating hot water than just about any other way, so it makes sense that the demand for residential level energy solutions using this type of energy has grown exponentially. Statistics indicate that up to 19% of the population uses solar panels in their homes today either as stand-alone hot water generators or alongside some other form(s) of renewable energy generation (such as wind or hydroelectricity).

The Public Favours Solar panels

Because solar energy is so popular in Australia, one of the best things you can do for your home is install a large number of solar panels on your roof. Research has shown that each 1 kilowatt of solar power increases the value of homes by about $13,000 (or about $6000 per kilowatt). This means that adding 5 kilowatts to your rooftop would raise its value by almost $29,000. It also means that you will be less dependent on rising electricity prices. Profits from working with home solar energy will thus increase over time as electricity costs rise! 

Selling Quickly is Part of the Equation

Selling a property is like putting your life on hold while you wait around to find the right buyer. The property will not get sold until you are completely certain that it is in the right hands of its future owners who will take care of it and make it their home. If no one comes along with interest, you run the risk of never owning your dream home again and have to start looking for another opportunity instead.

The process of selling a home may seem stressful, but adding the value that high-quality solar covers can give you can make it all work out fine. In fact, homes with renewable energy sources installed in them sell 20% faster on average than those that don’t have the same investments made. This is how you add more value to your home and also reduce your carbon footprint as well as save money. It will ultimately be worth it, so just go for it!

Tips When Using Solar Power For Homes

The savings made when using solar will depend on the location of the home and the power of the solar unit i.e. installed, as well as the cost of electricity. 

Below are some tips of using solar power for homes. Using power during daylight hours (usually from the time you wake up to 5 or 6 pm) will reduce your bill and save you hundreds of dollars each year. To take advantage of this, try performing household chores such as taking showers and doing laundry in the day.

  • Use LED lights that save energy in the evenings
  • Use the air-conditioner to cool the house during the day and switch if off at night
  • Ensure the pool pump is set to run during the day
  • Replace old appliances such as refrigerators that tend to gobble up power

For more information, visit our website. 

https://www.accordelectrical.com.au/premium-platinum-solar-packages/