How Can Your Solar Panels Add To Your Home’s Value?

From charging your devices to powering your entire home, solar energy has revolutionized the ways you utilize electricity. Unlike those home improvement fads that come and go, solar energy maintained a steady growth curve of more than 60 percent over the past decade (between 2006 and 2016). By embracing solar panels for their homes, the citizens of Tampa and other places that enjoy year-round sunshine can enjoy a host of benefits— a drop in the utility bills, reduced carbon footprint, contributions to the nation's energy independence, and support for the local economy. Even these are not all— solar panels can considerably add to the value of a home. 

A recent study from the Lawrence Berkeley National Lab showed that homes with solar panels enjoyed a higher property value. The study that analyzed the home sales patterns of more than 20, 000 households in the states of Florida, California, North Carolina, Connecticut, Massachusetts, Maryland, New York and Pennsylvania, proved that home buyer's desire for owning a solar-powered home is not exclusive to a particular region of the country.

What to Expect from a Rooftop Solar Installation

Although prices may vary from one home to another and depend upon the size of a unit, on an average, you can expect to enjoy a $5,911 increase in your home’s resale value for each 1 kW of installed capacity. Another Lawrence Berkley survey showed that the installation of a small 3.1kW unit increased the value of mid-sized homes in California by nearly $18,000. This piece of stat explains why solar homes sell 15 percent faster than homes without this feature. Home hunters treat solar panels as a great bonus feature, and they seldom hesitate to push their budgets for such a beneficial system.

Two Ways in Which a Rooftop Solar Unit Can Boost Your Home's Value

Investment Value: This refers to the monetary gain you experience as a result of investing in a solar unit. According to real estate industry experts, this increased price equals three to four percent of what your home is currently worth. Suppose, the present market value of your home is $300,000. The installation of solar panels will help you sell it at a price of over $40,000. It will also enable you to conclude the deal faster.

Consumption Value: This gain is all about the environmental benefits you enjoy by using an eco-friendly energy source. Unlike fossil fuels, solar energy will never run out and will never add to greenhouse gas-related pollution.

Solar Panels Will Protect Your Roof for a Long Time

Branded solar panels are sturdy and last for a long time. The arrays cover the entire roof, thereby preventing the sun's UV rays from directly hitting the roof. Homes without solar installation are deprived of this benefit and develop cracks and warps in a few years’ time. Solar panels not only protect your home from solar assaults but also save it from all types of harsh weather conditions like rain, hail, and snow.  As a result, you can avoid costly repair works. However, it may be a good idea to check the roof condition of your home to ensure that it is in perfect health and can bear the weight of these panels.

With the price of fossil fuel-based electricity shooting up dramatically, rooftop solar panels for homes make the wisest investments especially in Tampa and other sun-kissed cities in Florida. So, make a smart investment choice while contributing to the nation's struggle for energy independence. And when you choose to go solar, you are also helping the Earth to get rid of greenhouse gas emissions.

Views: 44

Comment

You need to be a member of Home Energy Pros Forum to add comments!

Join Home Energy Pros Forum

Latest Activity

Rick Barker is now a member of Home Energy Pros Forum
12 hours ago
David Keefe's video was featured

A Climate Report From The Field - Keefe

"A Climate Report from the Field" by David Keefe. Part of a TED-inspired evening session at the HPC Home Performance Conference, Philadelphia PA, April 25, 2018
12 hours ago
Bob Krell's video was featured

Carbon Monoxide Webinar with Bill Spohn - Healthy Indoors Show- Special Live Edition 4-16-18

Guest Bill Spohn, of Tru Tech Tools, joins host Bob Krell, to discuss Carbon Monoxide (CO) in the indoor environment. This show is a recording of a live webinar event on April 16, 2018.
12 hours ago
David Keefe posted a video

A Climate Report From The Field - Keefe

"A Climate Report from the Field" by David Keefe. Part of a TED-inspired evening session at the HPC Home Performance Conference, Philadelphia PA, April 25, 2018
12 hours ago
John White posted a blog post

What to Expect from a New HVAC Unit Installation Cost

The cost of installing an HVAC unit, such as an air conditioner installation in Laguna Hills, will…See More
22 hours ago
Kelly Vaughn posted a blog post

How Cities Can Ensure Better Rentals for Everyone

By Alisa PetersenWhile much of RMI’s research and analysis on home energy performance has focused…See More
yesterday
Brett Little posted an event

Resilient Design in an Age of Climate Change - Free CE Webinar at Webinar Online

May 30, 2018 from 12pm to 1:15pm
A changing climate, sea level rise, drought, and a wide range of stresses in the world are…See More
yesterday
John Oxford posted a blog post

Make 2018 The Year You Fear No Power Outage

Get A Back-Up Generator For Your Home’s “Mission Critical” Power Needs…See More
yesterday
Diane Chojnowski posted a discussion

California's new solar roof mandate

There's an interesting article in GreenTech Media about California's new solar roof…See More
yesterday
Ron Jones joined Diane Chojnowski's group
Thumbnail

Job Board

This group is for posting jobs related to all aspects of the home performance industry including…See More
yesterday
Ron Jones joined Diane Chojnowski's group
Thumbnail

News & Announcements

Share your news and announcements with the community in this group.To post news or an announcement,…See More
yesterday
Ron Jones joined Sean Lintow Sr's group
Thumbnail

Best Practices (Residential)

Best Building, Retrofitting, or even Auditing Practices - what are they, what should change, what…See More
yesterday
Don Fugler added a discussion to the group Kitchen Ventilation
Thumbnail

Choosing a range hood

There is so much information - how do you find what you need?With the references listed in Tom…See More
yesterday
Ron Jones joined Bob Krell's group
Thumbnail

Healthy Indoors (IAQ)

The Healthy Indoors group is focused on indoor air quality (IAQ), mold, moisture control, radon,…See More
yesterday
Mike faurot replied to Jerry Halls's discussion Retrotec Blower Door & DucTester For Sale in the group Energy Auditing Equipment for Sale, Trade or to Purchase
"Please send me a contact number to 772-528-2076. I would like to discuss a pup if you still have…"
yesterday
Don Fugler liked Tom Phillips's discussion Kitchen Ventilation Resources
yesterday
Mike faurot replied to Jerry Halls's discussion Retrotec Blower Door & DucTester For Sale in the group Energy Auditing Equipment for Sale, Trade or to Purchase
"Please send me a contact number to 772-528-2076. I would like to discuss a pup if you still have…"
yesterday
Mike faurot joined allen p tanner's group
Thumbnail

Energy Auditing Equipment for Sale, Trade or to Purchase

Discuss the pros and cons of the equipment you are interested in prior to purchase. Post equipment…See More
yesterday
Bob Krell posted videos
Monday
Profile IconRon Jones, universal services and Mike faurot joined Home Energy Pros Forum
Monday

Photos

  • Add Photos
  • View All

© 2018   Created by Home Performance Coalition (HPC)   Powered by

Badges  |  Report an Issue  |  Terms of Service