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Do Solar Panels Increase the Value of Your Home?

How do Solar Panels increase the value of my property?

With home buyers becoming more and more eco-friendly and cost-conscious, the demand for solar panels is higher than ever before. Installing solar panels can increase the value of a home. According to studies, homes that have solar panels installed are valued at an average of four to five per cent higher than those without them. This is because installing solar panels can reduce utility bills and add to the overall attractiveness of the home for prospective buyers. In addition, depending on local regulations, solar panels may qualify for property tax credits or other incentives.

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Initial Cost

It is estimated that over a million homes in the UK have solar panels installed on them, and with costs for an average household just under £6,000, it’s easy to understand why. Solar panel prices have even declined significantly since 2014 when the average cost for a set of panels was around £8,00. So now more than ever before is the perfect time to make use of this reliable and renewable energy source.

Can Adding Solar Ever Decrease Home Value?

Adding solar panels to your property will not decrease its value, this has become a belief due to the appearance of the way some solar panels are installed. If this is a concern to you, then you can have the panels integrated into your current roof. Regardless of how they are displayed, the benefits of solar far exceed any perceived negative thoughts towards them. Depending on the area you live in, the increase in the value of your property may be slightly lower than others.

Energy Efficient

Overall, solar panels can be a cost-effective way to add value to a home while also improving energy efficiency and reducing the home’s carbon footprint. By investing in solar energy, homeowners can reap both financial and environmental benefits that will continue long after they have moved out of their homes. With all of these benefits, solar panels are an investment that can make your home more valuable in the long run. If you’re considering installing solar panels on your home, it could be a worthwhile investment that will pay dividends for years to come.

Incentives

With the right information and support, you can get the most out of your solar panel installation and make your home more valuable in the long run. You can even take advantage of government incentives to further increase the value of your property and make solar energy an even more attractive option for prospective buyers. Investing in solar panels is a great way to protect yourself from rising energy costs, improve home value, and leave a positive environmental impact on our planet & with solar panels easier than ever to maintain & use it’s a perfect time.

Want Solar Panels on your property?

Get in touch with Evergreen Solar today to see how we can install Solar Panels for you & start saving you money & begin to add value to your property right away!

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