For the majority of people, their home is their biggest asset, and properly maintaining it is crucial to ensure it holds its value. Upgrades and maintenance of the property not only help improve the property’s value, but also enhance the lifestyle of those who reside in it. Looking for ways to increase the value of your home makes sense, but what is the best way to do this? Not all renovations can increase the value of your home, so which route is the safest for you to take? One of the best ways to increase the value of your home is by installing solar panels in your home. This blog will go over how solar panels increase the value of homes and why they’re a smart investment to make!
Solar Panels Increase the Values of Homes
Solar panels are one of the improvements that are most likely to improve the value of your home over other costly improvements. Why? Because everyone needs electricity or some form of power in the home. If the cost of their electricity can be cut down, people will certainly view your home favorably when it’s for sale. Going solar is one of the safer investments you can make to your home.
You need to be careful about what you invest in because some projects can actually hurt you. For example, pools cost a lot to install and maintain and do not always increase the value of the home. Why? Because not everyone wants a pool. By having a pool, the selling reach of the home might exclude senior citizens, couples with toddlers, and others that simply don’t want to deal with a pool. It is also possible to overvalue the home compared to the neighboring homes, which may be difficult for you to sell for the extra money in that location. That said, you have to be careful that your investment will actually increase the value of your home, not the other way around.
The Public Favors Solar Panels
Since solar is viewed so positively by most Americans—especially here in southern California—it follows that this can be a selling point for your home. Research shows that the more solar panels your roof has, the higher the value of your home. Since the price of electricity is expected to rise in the near future, the advantages of having solar will become more evident.
Solar Panels Help You Sell Your Home More Quickly
As we all know, when you put your home on the market, it’s difficult to move forward with your plans until it is sold. It’s like putting your life on hold until the right buyer comes along. Only when that happens can you move forward with your life and get settled in your new environment. Not being able to sell quickly can be really frustrating.
Having solar panels on your home can help you sell more quickly! Compared to homes without solar, you could sell up to 20% faster! This too is part of the value solar energy can add to your home and life.
Go Solar with Sunlight Solar!
If you’re looking for an effective way to increase the value of your home, going solar is a great path to follow. Even if you don’t plan on selling, the energy savings will recoup the cost of the installation! Not only will the resale value of the home be increased, but there will also be the benefit of future savings if you decide not to sell. We hope this blog helped you see how solar panels increase the value of homes. If you’re ready to go solar, give Sunlight Solar a call at (858) 360-8295, or click here to contact us today!