Solar energy is growing; there’s no denying it. It’s all over the news. It’s on your social feeds. Your neighbors have even been installing it on their homes. The solar shift may seem sudden, but the science is all there; solar is beneficial for the environment as well as your home. Even if you’re planning on selling soon, solar is still an option you should consider if you want to net some extra cash from your home.Adding Solar Panels Will Increase Your Home’s Resale Value:
It makes complete sense when you think about it; adding technology that reduces energy costs to your home will greatly increase its value. Multiple studies have found that home buyers are willing to pay “home premiums” of about $4 per watt of installed solar capacity. For homes with a standard 6-kilowatt system that’s an additional $24,000 you can add to your home’s resale value! A study done by Zillow found that homes with installed solar panel systems sold for 4.1% more than other comparable homes on the market.
Shorter Time on the Market:
Homes with installed solar panels also tend to sell faster than homes without. A study done by the Berkeley National Laboratory found that most home buyers viewed solar PV systems as an “home upgrade”. This makes homes with solar panels more marketable, and it’s a surefire way to stand out from other homes on the market. Another study done by the National Renewable Energy Laboratory found that homes with solar panels sold 20% faster than other homes on the market, for 17% more!Solar Energy Will Help Your Home Appeal to a “Green” Market
The decision to go solar used to be purely about “going green”, but today’s technology has succeeded in making solar as affordable as it in energy efficient! Whether you want to own solar for the economic benefits or it’s ecological impacts (or both), your home will be immediately more marketable to home buyers looking to do their part in stopping the Climate Crisis.
The Immediate Facts and Benefits:
It’s 2020, and there’s never been a better time to go solar. Solar panel technology has evolved so much that panels can still generate enough energy (and then some) to power you home, even if you don’t live in the sunniest state. Also, all homeowners who install residential solar PV systems during 2020 will receive a 26% Federal Tax Incentive towards the cost of the solar system. That coupled with monthly payments that are less than your current energy bills mean that you will be saving money from day one. Even if you plan to sell your home, you’ll still benefit from lower energy costs and the Federal Tax Credit, all while greatly reducing your carbon footprint while you still own your home.Conclusion:
Whether your current residence is your permanent one or if you plan to move within the next few years, solar is an economical and ecological option for YOU! With the 26% Federal Tax Credit and the innovation of current solar panels, there’s never been a better time to go solar!
Ready to speak with an expert? Schedule a Free Digital Solar Analysis today for a personalized look into your home’s energy usage, solar incentives available to you and a solar quote good for ONE YEAR!