Solar Investment: How it increases your Home Value
Solar is a very good investment for your home. It is one of the few investments you can make that pay for itself over time. And Unlike other investments, you start enjoying the returns from day 1.
Aside from all the other benefits like Solar government rebates, subsidies and incentives, feed in tariff, lower monthly energy bill, it can also increase the value of your home.
Yes, that’s right. Solar Installation Increases the Value of your Home.
How Much Does Solar Increase your Property Value?
Prospective Homeowners consider any Solar Installation to be an asset as they know they will be saving money on their electricity bills, this is especially attractive when entering into a mortgage
According to a Berkeley Lab Data, PV System adds an extra $4-$5 per watt to the value of the sale of the home.
In addition, installing Solar Panels will not only help you fetch a higher asking price but it can also help you sell your home 20% faster than those properties without solar installation.
NOW, Let’s Put it all Together
Installing Solar panels is one of the wisest investment you can make.
- You enjoy saving starting from day 1 to over 25-30 years or a lifetime. And as utility bills increase, your savings grow increasingly as well. And even if you never sell your home, your installation fully pays for itself many times over.
- If you decide to sell your home, you can fetch a higher premium, which covers the upfront cost of installing these panels.
In other words, deciding to go solar is one of the best decisions you can ever make. It is an investment that pays a return of 200%+.