Do Solar Panels Increase Your Home Value?

Can solar panels increase the value of your home? Uncover the truth about solar panels and understand their benefits in this handy guide.

With the cost of solar panels decreasing by around 82% in the last decade, you might be considering the investment yourself. There are often two obvious benefits that spring to most people’s minds when it comes to solar panels – saving money on energy bills and the environmental benefits.

But what about the value of your home? As a team of solar panel installation experts, we always get asked about the permanent impact installing new panels can have on the property from a commercial perspective.

With this in mind, we’ve created a quick guide to debunk one of the most common solar panel myths.

Can solar panels increase the value of your home? Insolation Solar

 Do Solar Panels Increase Home Value?

 Yes. Installing solar panels can certainly increase home value. You just need to understand the ins and outs of what it is buyers want from their homes.

A survey by Censuswide (on behalf of E.On) has revealed that 89% of homebuyers are more interested in properties with low carbon and renewable technology than properties with other desirable features, such as a garden or en-suite bathroom.

This study uncovers that there is a huge demand for renewable energy sources. So, in most cases, solar panels can increase your home’s value as more people are longing for them when searching the market.

We understand there are common solar panel myths that often float around that can make you contemplate the benefits of solar panels on your property. But ultimately, homeowners with solar panels are saving more money on energy bills in the long run, and in turn, increasing the property’s overall appeal to buyers.

By How Much Do Solar Panels Increase Your Home Value?

There is no exact number as there are different variables that can affect the value of a home. However, Research by Zillow suggests that solar panels can increase a home’s value by around 4.1%.

In numerical terms, the 4.1% would equate to increasing the average UK home’s value by £9,500. But it’s worth noting that the value can change depending on where you live and the quality of your solar panel system.

With over 12 years of experience in the solar installation industry, we can help you understand the costs and install panels of immaculate quality.

Is It Hard to Sell a House with Solar Panels in the UK?

 Contrary to belief, solar panels are a definite selling point. According to the National Renewable Energy Laboratory, homes with solar panels sell 20% faster and for 17% more than those without panels.

Homeowners are becoming more energy-conscious and looking to prioritise renewable energy. In fact, the cost-of-living crisis has driven the solar panels market up by 10%, as more homeowners worry about the hike in electricity prices.

This further highlights the demand for houses with installed solar panels and the simplicity of selling a property.

An often-overlooked benefit that attracts buyers is homes with pre-installed solar panels. It eliminates any initial large investment and makes the property more appealing as it’s ready to go.

Owning your solar energy outright will likely make you more money when selling your home than having leased panels. More buyers are willing to pay more for owned systems over leased systems as it can make for a more straightforward sale process.

Leased solar panels come with a slightly harder selling point, as you might have to buy yourself out of the lease if you struggle to get someone to take it over.

But don’t panic. Research by Lawrence Berkeley National Laboratory found that 77% of the solar leases were transferred successfully to new owners.

When it comes down to it, having solar panels doesn’t make selling a house any harder.

Think of them as a bonus for the next person. A pre-installed set of solar panels is a massive plus for people searching the market, so you are doing them a favour. As the savings roll in, your new buyer will be glad you installed them.

Speak to a Solar Panel Installation Specialist

If you’re looking to increase the value of your home and invest in the future, speak to an expert. At Insolation Solar, we’ve been providing professional solar panel installation services for the past 12 years. Get in touch with us today for a free quote.

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