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Do Solar Panels Increase The Value Of Your Home
Solar energy is becoming an increasingly popular option for homeowners looking to reduce their energy bills but do solar panels increase the value of your home? Not only do they offer a number of benefits, including lower energy costs, and improved energy efficiency, but they can also be a boon for real estate value. The potential for a good return on investment also makes solar energy an attractive option for many homeowners.
In this article, we will explore the various ways that solar panels can increase the value of a home and provide tips for choosing the right solar panel installer and maximizing the value of your home.
However, if you’ve already decided on getting solar panels to improve the value of your home, we can help with that. Finding a trusted installer is one of the most difficult tasks which is why our service helps you get the best prices from trusted MCS-accredited installers in your area. Find the best prices without having to go through the rigorous, time-consuming process of vetting the engineer you need. Click the button below to receive up to 4 free, non-binding quotes.
- Quotes from local engineers
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- Save up to £729 per year
Key takeaways
- Solar panels can increase the value of a home by 4% to 14% on average.
- Solar panels offer financial benefits such as reducing energy bills and providing a long-term return on investment.
- Solar panels contribute to a sustainable lifestyle by reducing carbon emissions and improving energy efficiency.
- There are government programs that can help you finance installations.
Market trends
Recent market trends indicate an increasing interest in solar panel installation, driven by the potential for long-term savings and a reduced carbon footprint, as well as the reduced cost of installation due to government incentives.
Solar panel financing options are now widely available, which has enabled more people to take advantage of the potential benefits of solar energy. With the right financing, solar panel installation can be a smart decision for homeowners looking to make a positive impact on their energy usage and reduce their carbon footprint.
Consequently, the government offers a range of schemes to encourage homeowners to invest in solar energy, such as the Smart Exports Guarantee, which pays homeowners for the energy they generate.
By understanding local solar policies, homeowners can make an informed decision and take advantage of the many benefits that come with installing solar panels.
Homeowners should also consider the potential return on investment when making decisions about solar panel installation.
Return on investment
Investing in solar panels can offer homeowners a potential ROI through savings on electricity bills and a likely increase in property value. With the government estimates showing significant drops in solar panel prices, and the reduction in VAT from 5% to 0% till 2027, homeowners may find it increasingly attractive to switch to solar energy.
As solar panel prices have decreased significantly, they are now more accessible to homeowners than ever before. On average, homeowners can save over £500 on their electricity bills annually, as well as significantly reduce their carbon footprint. The payback period for the solar panels is around 10 years, with a potential increase in property value of 4%-14%.
Solar panel installation is an ideal way to spruce up your home’s marketability, as it offers a sustainable solution to energy needs while adding value to the property. Additionally, a higher Energy Performance Certificate (EPC) rating makes any house more desirable.
They can also add value to additional elements by adding solar panels to detached garages or pergolas. These additions can make use of extra roof space on these ancillary structures that are part of the property.
All of these financial benefits of going solar make it an increasingly attractive option.
Calculating the cost of solar panels
Factoring in the cost of installation, solar panels can be a significant investment for homeowners.
On average, installing solar panels for a three-bedroom home costs around £5,000 to £6,000 for a 3 kWh panel system or a 4kW system which can cost £6,000 to £8,000.
| Number of Rooms | Output | Price |
|---|---|---|
| One to two bedrooms | 2.1 kWp system | £3,300 |
| Three bedrooms | 3 kWp system | £5,500 |
| Four or more bedrooms | 4 kWp system | £7,700 |
However, this cost can be greatly diminished thanks to the government’s decision to reduce the VAT from 5% to 0% for the next five years.
Choosing the right solar panel installer
Selecting the right solar panel installer is an important step in the decision-making process when considering the installation of solar panels. It is essential to research and consider the solar panel installation process to ensure a successful and satisfactory outcome.
An experienced installer will be able to provide helpful advice and guidance to ensure that the solar panel system is installed to best meet your needs. They should also be familiar with the current energy market and be able to provide an assessment of the estimated energy savings and other potential benefits that solar panels can provide.
Finding the right installer is a key step in the process of adding value to your home with solar panels. This is why you can use our handy service to find solar panel installers you can trust. We find the most reliable solar panel installers so you don’t have to and maintain an extensive network where you can receive the best prices. Click the button below to access up to 4 free, non-binding quotes from vetted MCS-certified solar panel installers.
- Quotes from local engineers
- Payment by finance available
- Save up to £729 per year
Conclusion
The installation of solar panels can be a great investment for the future value of your home, providing long-term cost savings and improved energy efficiency.
Despite the initial investment, installing solar panels can be a cost-effective way to enhance the value of a property. Not only can solar panels reduce energy bills and carbon emissions, but they can also give you the opportunity to earn money by selling surplus energy back into the grid.
Not only can solar panels save over £500 on electricity bills annually, but they also add 4% to 14% on average to the property value. A higher Energy Performance Certificate (EPC) rating will also add value to the property.
The current market is also primed for solar energy. The installation of solar panels is eligible for a VAT reduction from 5% to 0% for the next five years.
Overall, solar panels are an excellent way to increase the financial value of a home while cutting its operating costs. Going solar is a smart decision that can help you achieve a more sustainable future while also increasing the value of your home.
It is undoubtedly an investment worth considering.
With that said, the right installer can help you maximize the value of solar for your home. However, finding one you can trust can be a difficult task. That’s why our handy service is one of the best ways to obtain quotes from trusted MCS-certified solar panel installers. Click the button below to obtain up to 4 free, non-binding quotes instantly.
- Quotes from local engineers
- Payment by finance available
- Save up to £729 per year
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