Properties often decrease in value over time, and homeowners wanting to sell a property, invariably look for ways in which they can bring that value back up again. Sometimes, something as simple as a fresh coat of paint will do the trick, or a spot of landscaping might make the property look more appealing from the curb. In some instances, homeowners might install a pool to tempt buyers.
However, while these improvements might indeed prove enticing for buyers, some might actually end up costing them more in terms of maintenance and repairs. When you add a solar energy system to your home though, you’re not only giving yourself reduced energy bills, but your giving that gift to whoever goes on to buy your home. They can enjoy a reduced carbon footprint and lower utility bills every month (which eventually will cost them nothing), without having had to invest a dime in it, and that’s a very valuable incentive for buyers.
As such, properties listed on the market with solar energy systems installed, tend to sell quicker, and for more.
Below are 3 reasons for your home’s value to increase when you switch to solar:
There’s no better way to lock in how much you spend on energy every month, than getting rid of your monthly bill, and paying only the connection fee. When you connect to a solar panel system, your grid connection stops being a variable cost that’s based upon the wattage of your home, and becomes a much simpler, straightforward monthly fee.
And, if you’re benefitting from that, so will the next person who goes on to buy your home; as soon as they switch the system on.
By adding a solar battery to your system, you can power your entire home even in the event of an outage, or temporary glitch to the grid. With the right size of battery bank (this can be discussed in greater detail with a local solar energy provider), you could even disconnect your property from the grid completely, and stop all of your monthly energy bills.
Energy resilience is a growing concern for many homebuyers nowadays, and a solar panel system with added battery back-up, will likely prove reason enough for them to pay more for your home than its original value.
Let’s imagine there are similar properties to yours, in a similar area, available on the real estate market today, but they don’t have solar panel systems installed. Isn’t it a no-brainer as to which property a buyer will go on to choose?
Taking into account the savings they can make on their energy bills, and the reduction in their carbon footprint, buyers are inevitably going to be drawn towards a property with a solar panel system installed, when compared to a similar property that doesn’t have one installed; and, they’ll be willing to pay more for it.
When you install a solar energy system, you get to save a whole bunch of money on your utility bills while you’re living there, and can then make a whole bunch more money when you sell your energy efficient home onto the next person!
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