When you consider any kind of improvement in your home that will increase the value of your property, the first thing that comes to mind is the kitchens and bathrooms. In the modern energy-aware society, however, there is another competitor that is rising and shining: the solar panels. Not only will installing solar panels allow you to pay less for electricity bills and reduce your carbon footprint, but it can also increase the worth of your home. But how much? Why are increasing numbers of UK homeowners investing in solar power as an intelligent home remodeling?
We shall unearth the truth regarding the question Do solar panels increase home value? What is the effect of solar panels on the resale value of the home, and how can trusted companies make the whole process simple, affordable, and easy for all homeowners?
Rise of Solar Power in the UK
There has been a phenomenal increase in the number of solar panels installed in the UK during the last decade. As electricity bills continue to skyrocket and environmentalism gains momentum, homeowners are discovering that going solar not only saves the planet but also saves them money and future-proofs their homes.
Solar technology has taken a new trend, as it has become efficient, durable, and attractive. The panels currently used are sleek in their construction and complement the roof constructions, offering lasting effects of 25-30 years with minimal maintenance. Having government incentives and zero VAT on local solar installations, there has been no better time to invest in renewable energy. However, the golden question is: Do solar panels add home value?
Do Solar Panels Increase Home Value?
In short, yes, they do.
As various studies and UK property statistics show, houses that are fitted with solar panels have a better chance of selling at a higher price and within a shorter time than those which are not. This is due to the fact that energy efficiency is currently a priority issue to the buyers. At a time when the cost of energy is constantly changing, having a solar-powered house gives one a more certain future.
Solar-powered homes are priced with:
- Reduced operating expenses: Buyers will be drawn to low monthly payments.
- Energy independence: To produce own power is to have less dependence on utility companies.
- Sustainability appeal: Eco-friendly homes appeal to conscientious consumers who desire to minimize on their carbon emissions.
Thus, when potential buyers are comparing two similar houses, one with solar and one without the solar house usually has the upper hand.
How Solar Panels Are Increasing the Value of Homes
The question you may now have is, How much do solar panels add to the value of the home?
Although, the actual amount would vary according to your location, the type of property, and the quality of its installation, UK research revealed that the average increase in property value was 3-5 percent following the installation of solar panels.
Let’s put that in perspective:
- This will add 9000-15000 to the value of the property, should your house be valued at £300,000.
- Moreover, you save hundreds of pounds in electricity bills.
- And you can even make money with the help of Smart Export Guarantee (SEG) payments, selling excess energy back to the grid.
The result? A win-win solution in the long run, both to your wallet and the planet.
Why Are UK Homeowners Going Solar?
The motivation of the UK towards achieving net-zero carbon emissions by 2050 has altered the perception of people regarding the efficiency of energy. Solutions using renewable energy resources are now regarded as future-ready properties, such as solar.
This is why solar will be a smart investment in the UK housing market:
1. Energy Bills Keep Rising: Homeowners are seeking long-term relief as prices of energy hit historical highs. Free electricity is produced when the sun is shining and this reduces monthly bills significantly.
2. Consumers Desire to be Energy Efficient: The current consumers are more conscious about the environment and technology-oriented. They are aggressive in attempting to secure houses that would guarantee sustainability and a reduction of living expenses.
3. Government Incentives and Exemption of VAT: The government of the UK favors the use of renewables. There is also a free rate of VAT on domestic solar installation that is more cost-efficient for switching to solar.
4. Improved EPC Ratings: A house with solar panels can go a long way in enhancing the rating of its Energy Performance Certificate (EPC). An improved EPC does not only enhance the market value of your home but it also increases your potential buyers.
5. Future-Proofing Your Home: Since green living is taking shape, the houses that do not have renewable energy sources might begin to become a relic. The installation of solar panels will make your home competitive over decades.
Why Solar with Home Energy Guide is a Smart Home Investment
By choosing Home Energy Guide for your solar system investment, you are not only investing in green power, but also your home. The systems that we hope to sell to you are optimally performing, long-lasting, and cost-saving.
You’ll enjoy:
- Immediate saving of electricity bills.
- Savings and energy self-sufficiency in the long term.
- Higher prices and demand for houses.
- Availability of clean, renewable energy throughout the year.
And since we use the best of the best technology, all the panels will be long-term investments, not a home upgrade.
Need to Increase Your Home Value with Solar Energy?
Everybody has the sunshine, make it shine on you. Go smarter with the solar panels installation services offered by Home Energy Guide. Check your eligibility or call us today and we can arrange your free solar consultation and find out how much solar can bring to your house.
