Do Solar Panels Help Property Values?
Finding alternatives for energy consumption is a real hot topic right now. More than likely you've seen ads on social media or even alongside the highway to make the switch to solar power. What could be better than a completely renewable energy source that does not harm to the environment? Well, those miracle solar panels also come with a hefty price tag. So the real question is, is the cost of switching to solar worth it and does it help increase your home's property value in case you decide to move?
The short answer here is yes; it absolutely increases your property value if you make the switch to solar. But that's only one of the excellent benefits of having solar power in your home! Switching to solar power not only means your value goes up, but your energy costs go way down. As soon as your solar panels are installed and everything is good to go, you see an instant drop in the cost of running power in your home. Throughout a few years, these solar panels basically pay for themselves in the amount you save on energy costs every month.
If you decide that the home you're in isn't the right one, or maybe you have other affairs to attend to that require moving, listing a house that runs off solar power is a hot seller. The most painful part of installing solar panels is just that, the installation. So too someone interested in purchasing a home with the solar already in place, this saves the potential buyer a lot of time and effort having them installed and they get to enjoy the benefits right away. The addition of solar panels when selling a home can guarantee there will be up to another $20,000 added to the cost thanks to the pre-installation of the solar panels. $20,000! With that kind of price, you could afford to have solar panels installed on your next home purchase! Therefore repeating the cycle of clean energy and getting the most out of your money!
Switching to solar panels can cause sticker shock, but the benefits outweigh the hefty price tag in the long run. Installing the panels automatically means a dramatic increase to your property value, and you can essentially get your money back eventually. It's a win-win for everyone!
Contact Got Watt's Electric to learn more about our solar energy systems.