Solar Panels Increase Home Value

Installing solar panels can significantly increase your property’s value, according to a new study from the Lawrence Berkeley National Lab (LBL). The report, titled “Selling into the sun: Price premium analysis of a multi-state dataset of solar homes“, builds on previous research which concluded that homes with solar panels sold for more than those without.

Do solar panels add value to a house?

The new study investigates home pricing trends in Florida, Massachusetts, Maryland, North Carolina, New York, Connecticut, and Pennsylvania by analyzing the sales of over 20,000 homes in these states. LBL’s analysis of the housing markets in these other states shows that the premium paid for homes with solar is clear, solar panels really do add value to a home.

If you are thinking about purchasing a solar system for your home, the study’s conclusions should give you a boost of confidence that you are making a smart investment. LBL finds that homes with solar panels will benefit from a ‘solar premium’ when they are sold because buyers are willing to pay more for a home with solar panels.

How much does solar power increase home value?

Example: a 5 kilowatt (kW) solar system (the national average) will offer 5,000 watts of power. LBL says that each watt of solar adds about $3 to a home’s value in Florida and $4 in California. Thus, a home with solar should sell for about ($3 x 5,000W =) $15,000 more in FL or ($4 x 5,000W =) $20,000 in CA.

Specifically, in this state analysis, prospective buyers wondering if solar panels increase home value were pleasantly surprised. What is surprising about these figures is that they are very close to what you would pay for a brand new solar system today. Our own analysis of prices for 6kW solar systems in Florida reveals that some of the more expensive systems cost just over $3.50/W. And bear in mind that these prices are what you would pay before you take into account the generous 30% Federal tax incentive that is available.

All of this suggests that if you sell your house soon after you have a solar system installed, you will recoup most or all of your investment, even as you save money on your power bills. It also confirms what we’ve said before: Payback periods on solar power systems are not something to be overly concerned about. Your solar system will either increase your home value significantly should you decide to sell your house, or it will pay itself off in power bill savings before you move out. In both cases, solar is a sound investment.

Source: https://www.energysage.com/solar/why-go-solar/increased-property-values/

5 Compelling Reasons Why Everyone Should Use Solar Energy

Solar energy is taking the world by storm. As more and more people understand how solar technology works and how easily they can incorporate it into their homes, the more advantages they can reap of having such an energy system.

Apart from enjoying significant savings on your energy bills, the following five reasons will help you understand why EVERYONE should switch to solar energy:

#1 Beneficial to the Environment

Solar power is a clean and green source of fuel. It reduces the amount of carbon footprint. There is no component of solar power that adds to pollution. Apart from using some clean water, solar energy technology does not release greenhouse gases. This is why it’s considered an environmentally safe and friendly source of power.

solar-energy

#2 Protection from rising utility Costs

Traditional sources of energy such as coal, natural gas and electricity experience daily fluctuations in price. In fact, the cost of fossil fuel rises every year. Apart from being detrimental to the environment, their quantity is limited.

When you use solar energy to power your home, you are independent from electricity-use! You’re considered off the grid. You will enjoy very cheap energy rates throughout the day. The sun will continue to shine but its rates will never go up, thereby giving you energy security.

#3 Enables People to stay in Inhabitable Lands

There are many places on Earth where electricity cannot reach in high altitudes, mountainous peaks or arid landscapes. However, people still manage to live in such places by burning wood and coal. By installing a simple solar panel, these people can live more comfortably without the need to burn fossil fuels. In fact, more people would be willing to live in quieter and more desolate areas if solar energy is available to them.

Underutilized land can also be used to set up solar farms. These are large areas with panels that harvest massive amounts of solar energy. For instance, in the UK a 45 acre solar farm generates enough solar energy to power 2,500 homes.

#4Solar Power use equates to less loss of electricity

Traditional electricity is transported from large power plants via extensive networks before it reaches consumers. During this long distance transmission, there are enormous amounts of power loss.

With solar power, there is no energy loss whatsoever. Solar panels are installed on your roof. After receiving the sun’s energy, this is transferred via the panels to your home. This is an extremely efficient electricity system. This also gives you more control over your energy usage and bills.

#5 Better for the Economy

If more people choose solar energy, the demand for this technology will increase. More companies who are willing to install solar panels will be created and consequently more jobs, especially for skilled tradesmen. This promotes economic growth. For example, in 2015, there were 35,000 new jobs created in the solar power sector in the UK.

Solar energy is truly the fuel of the future. To learn more about solar panels, please contact Pssolarsystems.

Why You Should Consider A Solar Energy System For Your Home?

Solar power is one free source of energy that we can use all day, every day. Solar Energy Systems For Home are the smartest way to power your house today.

With the price of solar panels being very competitively priced, government incentives and advances in solar energy technologies, it makes much more sense to consider solar today.

Everyone knows that solar panels are used in generating electricity, heating water, heating swimming pools, cooking, indoor and outdoor lighting, and for so many other activities.

Solar energy is the best way to lower our dependency if in oil, lower our electricity expenses and help the environment.

solar energy system

Following are some good reasons why you must seriously consider a solar energy system:

# It will significantly lower your electricity bills.
# It will greatly reduce your dependency on utility power
# It will help the environment
# It will increase the value of your property
# The cost for a new system might be completely offset by the realized savings!
# You’ll have the coolest house in your block.

Solar is the way to the present and the future !