If you are considering investing in a solar installation in Murrieta, you may be wondering if solar panels will increase the resale value of your home.
While solar panels can certainly increase your home’s value, there are a couple of considerations you should make if you plan to sell a home with solar panels installed. Read on to learn how a solar system can affect your home’s resale value.
How does solar panels affect resale value?
According to The Office of Energy Efficiency and Renewable Energy, home buyers tend to see solar panels as home improvements and are usually willing to pay a premium of about $15,000 for a house with an average-sized solar panel system. The extent to which solar panels can increase your home’s value depends on:
- Your location: if you live in a sunny state like California where solar panels have become the standard, having solar panels installed on your home increases its value significantly.
- Available incentives and rebates: the better the solar rebates and programs are in your home’s location, the better your chances of making a successful sale with solar panels. This is especially true in states with great net metering options.
- The type of solar panels you choose: more expensive and efficient solar panels will boost your home’s resale value to a greater extent. This also holds true for appearance, as more expensive panels tend to be sleeker and more appealing to prospective buyers.
- Ownership of the system: if you’re moving out of a home with solar panels that were leased, most buyers will request that you buy out the lease. If you own the solar panels, on the other hand, you’ll have a better chance of making a top-dollar sale.
Is it easy to sell a house with solar panels?
Selling a home with a solar system comes with a set of unique challenges, depending on your location and whether or not you own the system. Overall, you have a greater chance of making an easy sale with solar panels than without. This is in part because many buyers recognize the benefits of solar energy, both in terms of savings and the environmental impact. In fact, there is evidence to prove that homes with solar panels sell significantly faster than those that consume more energy.
As a seller, you can increase your own chances of making a top-dollar sale by presenting the benefits of solar panels to prospective buyers. While not all of them will be interested in “going green”, solar power is bound to be attractive to anyone who wants to gain energy independence and significantly decrease their energy bills. You can also emphasize the various net metering policies that will keep the energy costs even lower.
Trust the Company Voted Best Solar installation in Murrieta
There are numerous benefits to getting solar panels installed, and boosted home value is only one of them. With Action Solar, you can enjoy all the perks of solar energy, whether you wish to improve upon your new home or plan to sell your old home near Lake Skinner.
The team at Action Solar has your back, and we are eager to guide you through the process of fulfilling your specific solar needs. We’ll answer all your questions, such as how to replace a roof with solar panels and whether adding solar panels will increase the temperature in your own home. No matter what your solar concerns may be, don’t hesitate to contact us at Action!