If you are considering adding solar panels to your home, you may have several questions, chief among them being whether they are worth the investment. While cost is certainly a factor when deciding whether to add solar panels to your property, it shouldn’t be the only thing on your mind. There are many ways that solar panels can improve the value of your home that more than make up for the installation costs.
Solar panels are a long-term investment for your home – an asset that you can add to and expect to build extensive equity. According to research by the National Renewal Energy Laboratory, every $1 saved on a home’s energy bill adds $20 to the total value of the home. For every 1 kilowatt of solar installed, a home’s value, on average, increases by more than $5,900.
Studies show that buyers are willing to pay significantly more for a home that has solar panels installed. Thus, it is a good idea for homeowners to purchase rather than lease a system if they ever plan on selling their home. On average, solar panels boost the value of a home by about $15,000 – a number that can be more or less depending on the size of the home and the size of the system.
As the cost of energy continues to rise, these benefits also rise proportionately, making solar panels one of the safest and smartest investments you can make.
In addition to significantly increasing the value of your home, installing solar panels can also help your home sell faster. On average, properties with solar panels sell 20% faster than those without. This can be a huge advantage to homeowners in today’s housing market.
With so many federal and state incentives available, as well as increasingly affordable installation costs and a relatively quick return on investment, now is the perfect time to make the switch to solar power. When you choose Sea Bright Solar, you can have a custom system installed for $0 down. Schedule a free solar analysis with one of our New Jersey solar installation professionals to determine your home’s energy needs. View our testimonials to see what people are saying about us!
Call us today at (732) 253-4052 to get started.