Factors That May Influence The Value Of Your Home
Once Solar Panels Are Added
It’s widely accepted that a home with a solar panel installation, is likely to fetch more when sold, than a home without one. However, there are some factors that might influence by how much a property’s value will increase, such as those listed below:
Whether the system is owned
If your solar panel system is being leased, this will likely only complicate the selling process, and not add anything to the value of your home. To maximize your homes’ value, consider paying for your solar system upfront.
The condition of the current market
It’s highly possible that the condition of the real estate market in your locality, will influence how much value a solar panel system might add to your property. In some areas of the country, sustainability is considered more valuable than in others, meaning that a home with a solar panel installation already in existence, could well fetch a higher price than a similar home in the area, that doesn’t have solar panels.
The characteristics of the property
The size and style of your home can also have an impact on how much buyers are willing to pay; larger properties that typically consume more energy, will benefit more from solar panels, and buyers may be willing to pay more for that privilege.
The type and orientation of the roof
If your home has solar panels that have been positioned to make the most of sunlight and exposure on the roof, you can expect for buyers to appreciate that fact, and be willing to pay more for your property because of it. A roof that isn’t ideal for solar panels, but which has them anyway, could deter buyers.
The brand of panels and their warranty
If you’ve bought your solar panels from a reputable manufacturer along with a solid warranty (ideally up to 30 years for a total system warranty), and had them professionally installed, buyers will have more confidence in buying a home with a solar system already installed.
The age of the home and its energy efficiency
In general, newer properties that have been built with energy efficiency in mind, tend to sell for more when they have solar panel installations. Buyers can enjoy lower energy bills, with a significantly reduced dependency on the power grid, and a reduction in their carbon footprint; something many modern buyers are happy to pay above and beyond for.
The quality of the installation
As touched upon briefly above, having a solar panel system that has been professionally installed, and which blends seamlessly with the aesthetics of the home as a whole, can definitely influence buyers into paying more for a property.
Opting to work with a local solar company is one way of guaranteeing a quality installation, and of gaining a system that works well and looks great.
In the majority of instances, a solar installation can increase the value of a property, but by how much, may be determined by the factors listed above. To give yourself the best chance of getting a great price for your property at sale, choose a local solar company with a well established reputation – it’s as simple as that!
Proxima Solar Energy is a proud veteran owned organization founded by a group of partners, on the premise that everyone should have access to a clean, alternative-energy future. Proxima Solar is one of the best local solar company in Miami, FL and believes that your path to a clean energy future should not be difficult or complicated, so we seek to bring you simplified solar solutions that will benefit today and help to ensure a brighter tomorrow. If you are looking for the best solar panel system in Miami or Dallas or Tampa look no further than Proxima Solar Energy. Get an instant ballpark solar estimate using satellites!