The Office of Energy Efficiency and Renewable Energy says that a solar energy system will likely increase your home’s value, and that buyers across the country have been willing to pay a premium of approximately $15,000 for a home with an average-sized solar array.
There are lots of benefits to solar energy, and it’s a nice thought to produce your own power without relying on the grid. Like any home improvement project, though, it’s important to think long-term before making a large financial investment in your home.
Some realtors say that it isn’t such a black and white answer when it comes to solar panels adding property value to your home. Some will find the value solar, but that is not always the case and as it is typically a case-by-case basis.
Homeowners don’t actually own the solar systems installed in their homes. While a seller may own the solar outright, there are some cases, where they are involved in a lease where a third party owns the equipment. In other scenarios, the seller may have purchased the equipment with a loan which would create a lien on the house.
While not everyone sees solar as valuable, luckily some see it as hugely valuable.
Prime Solar Energy Is Here To Help!
As you consider whether solar panels are a sound investment for your home, make sure you take into account cost, warranty, longevity and overall efficiency, but just know Prime Energy Solar will be here to help guide you thru the process. So the next time you are search solar company near me or solar panels near me, click on the local leader of Solar Polar Installation, click on Prime Energy Solar.