Before making an investment, you need to make sure that you have all the relevant questions answered. The most common question before you invest in a solar system, is “Will this investment increase the resale price of my home?” Yes, It will add value to your home, that’s the simple answer.
It is not easy to determine how much value is being added. Home location, roof shade, personal electric costs, and many other factors all play a role in determining the added value. Although each solar system is different, the average increase in resale values per kW of installed solar is $5,911. A 5kW solar panel system can increase the resale value of a home of average size in a sunny state like Florida by approximately $30,000.
Tampa real estate brokers are able to confirm that Solar Electric has had a positive impact on home values. Homes with solar systems are more valuable and sell faster than those without.
Homes with solar panels sell for 20% more than homes without them. A solar system investment could help you in many ways if you are considering selling your home. It’s a great investment that can provide benefits for many years, even if you don’t intend to sell.
These statistics only reflect current utility and housing costs. However, as electric costs rises, so will the value of solar. Solar power is a major decision but a worthwhile investment that will help you to extend the life of your solar system. It’s good to your wallet, and it’s also good for the environment. It’s a smart investment because of so many reasons. Solar Tech Elec invites you to contact us today for a no-obligation consultation about how solar power can help save money and increase the value of your home.