Solar Panels – Will They Add Value To My Home?

Adding a solar energy system to your house is an important decision and investment. And if you are considering the idea, you are also probably wondering if they will add value to your home. To help you answer that question, here are several factors to consider.

Solar Panels: The Power of Investing in Your House

First, how is the awareness level in your community when it comes to the advantages and merits of using solar energy? If you live in an community where a lot of people are concerned about and participate in the green living movement, potential buyers might be open to paying a highter price for a house that already comes with a solar electric system. But if you live in a community where there is very little eco-friendly activity, where people aren’t too concerned about recycling or the environment, buyers may be indifferent to the work and expense you have invested into installing solar panels.

But even where there is utter apathy for green living, most people can appreciate the benefit of saving money.  If you can produce a record of your energy savings over a period of time, the new owner will have proof that the solar power system will be an asset.  With heating and cooling bills of hundreds of dollars a month for some families, saving on utilities can be a major concern.

Going to  Off Grid Solar Power: Investment or Liability!

But what if you’ve only had your solar panel system for a short time? How can you prove energy savings? You can call your local electric utility company and request a statistical projection that shows your rate of savings over time. You can also obtain data from the company that put in your solar energy system. Most of the larger solar installation companies have marketing departments that collect this type of data to show people how solar panels will save money for them.

Something else to examine is how common solar energy systems are in your housing market.   If solar panels are common, your real estate agent will be able to provide you with real statistical data that shows the difference in selling price between houses with solar power systems and houses that have only public utility electric service. If you can obtain this kind of data, you will have some great documentation to show a potential buyer.

Here’s A Way To Economise On Energy Bills Using Off Grid Solar Power