{"id":2506,"date":"2019-08-23T20:27:22","date_gmt":"2019-08-23T20:27:22","guid":{"rendered":"https:\/\/solarrevo.com\/?p=2506"},"modified":"2023-09-11T12:16:14","modified_gmt":"2023-09-11T19:16:14","slug":"is-my-home-worth-more-with-solar-energy","status":"publish","type":"post","link":"https:\/\/solarrevo.com\/is-my-home-worth-more-with-solar-energy\/","title":{"rendered":"Is my home worth more with solar energy?"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"2506\" class=\"elementor elementor-2506\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-10562e27 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"10562e27\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-6945d03a\" data-id=\"6945d03a\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-33f149e1 elementor-widget elementor-widget-text-editor\" data-id=\"33f149e1\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"entry-content\">\n<p>Installing panels can boost your home\u2019s property value when you purchase.<\/p>\n<p><a href=\"https:\/\/solarrevo.com\/reasons-to-avoid-solar-leases\/\">Why should you avoid solar leases?<\/a><\/p>\n<p>By How Much Does Solar Increase Your Property\u2019s Value?<\/p>\n<p>The National Renewable Energy Laboratory offers a useful guide when determining how much your property\u2019s value will go up. According to its research, each additional $1 in energy bill savings (from your solar installation) adds $20 to your home\u2019s total value.<\/p>\n<p>This rule of thumb varies depending on a number of factors, including:<\/p>\n<ul>\n<li>The location of your home. Installations in active solar markets like California typically yield higher returns than comparable installations in less developed markets.<\/li>\n<li>The size of your installation. Property value increases are directly proportional to the number (and quality) of solar PV panels installed.<\/li>\n<li>The value of your home. Larger houses usually receive higher nominal boosts in property value. However, this increase often represents a smaller percentage of the total home value.<\/li>\n<\/ul>\n<p>The exact numbers vary from property to property and installation to installation, but recent research shows an average increase in resale value being $5,911 for each 1 kilowatt (kW) of solar installed.<\/p>\n<p>In a state like California, for example, a small 3.1-kilowatt (kW) system can add an average of $18,324 to the value of a medium-sized home.<\/p>\n<p>The property value advantages of solar energy only increase as you scale up. Installing 5kW of solar panels adds an average of $29,555 to the retail value of a medium-sized home.<\/p>\n<p>It\u2019s important to note that these statistics only apply to today\u2019s housing prices and utility rates. As electricity prices go up (as they most certainly will), the advantages of solar energy rise proportionally as well.<\/p>\n<p>In addition, installing solar panels not only helps you fetch a higher asking price, but it can also help your home sell 20% faster than properties without solar installations. For homeowners who want to reduce exposure, paperwork, and wait times, this can be a huge advantage \u2013 especially in today\u2019s sluggish housing market.<\/p>\n<p><strong>Putting it All Together<\/strong><\/p>\n<p>Installing solar panels is one of the safest and wisest investments you can make.<\/p>\n<ul>\n<li>You enjoy electricity bill savings over the entire solar PV system\u2019s lifetime. As utility rates increase, those electricity bill savings grow increasingly large with time. Even if you never sell your home, your installation fully pays for itself many times over.<\/li>\n<li>If you do decide to sell, you fetch a higher premium, which again, more than covers the upfront cost of installing solar panels.<\/li>\n<\/ul>\n<p>In other words, with the right-sized installation, solar energy is an investment that potentially pays a 200%+ return \u2013 far an excess of most any other financial vehicle you can imagine.<\/p>\n<p>And unlike most investments on the market, you actually begin enjoying those returns on Day 1.<\/p>\n<p>For additional information on the advantages of solar energy, please&nbsp;Schedule An Estimate&nbsp;or get a&nbsp;Solar Quote Online.<\/p>\n<p>Source:&nbsp;http:\/\/www.mnn.com\/green-tech\/research-innovations\/stories\/solar-panels-increase-homes-value<\/p>\n<\/div>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Installing panels can boost your home\u2019s property value when you purchase. Why should you avoid solar leases? By How Much Does Solar Increase Your Property\u2019s Value? The National Renewable Energy Laboratory offers a useful guide when determining how much your property\u2019s value will go up. According to its research, each additional $1 in energy bill [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":2114,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"default","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[10,1],"tags":[],"_links":{"self":[{"href":"https:\/\/solarrevo.com\/wp-json\/wp\/v2\/posts\/2506"}],"collection":[{"href":"https:\/\/solarrevo.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/solarrevo.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/solarrevo.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/solarrevo.com\/wp-json\/wp\/v2\/comments?post=2506"}],"version-history":[{"count":9,"href":"https:\/\/solarrevo.com\/wp-json\/wp\/v2\/posts\/2506\/revisions"}],"predecessor-version":[{"id":3679,"href":"https:\/\/solarrevo.com\/wp-json\/wp\/v2\/posts\/2506\/revisions\/3679"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/solarrevo.com\/wp-json\/wp\/v2\/media\/2114"}],"wp:attachment":[{"href":"https:\/\/solarrevo.com\/wp-json\/wp\/v2\/media?parent=2506"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/solarrevo.com\/wp-json\/wp\/v2\/categories?post=2506"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/solarrevo.com\/wp-json\/wp\/v2\/tags?post=2506"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}