Solar is a Smart Investment for Your Home
Save Money
Increase Your Home Value
Help The Planet
Solar panels increase home value and can be an excellent way for homeowners to save money on their electricity bills while helping to protect our planet from pollution. Did you know that solar panels not only help save energy, but they also add extra value to your house?
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Solar Panels Improve the Value of Your Home
If you're thinking about installing solar panels for energy independence, homes that have installed solar panels often get more market value when selling the home. It's important to know leased solar systems do not increase home value and may even hinder a sale. At SunState, we do not lease solar. You own it and the solar panels increase home value. "You'll find plenty of evidence backing up these claims - let's review some:
A research article posted by Zillow.com back in 2019 concluded that homes with solar panel installations on average sold for 4.1% more than homes without solar panel installs. The amount varied substantially based on the location the house was sold in - with some houses selling for 5.4% more in certain areas. So it's apparent that solar panels increase home value by reading these reports.
The Cost Benefits of Solar Panels
For every $1 in savings you receive on your electric bill from solar panels, solar panels increase home value by on average $20.If you save $200 per month by installing solar panels at your house, you'll add another $4,000 worth of value to your property. Another report completed by the US Department of Energy and National Renewable Energy Laboratory (NREL) also found some interesting results. The reported concluded that:
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“Our experience with SunState was excellent, all around. The numbers (power production, PNM bills and cost) were all exactly as described and projected. They showed up on time, worked efficiently, and cleaned up after themselves. Happy to recommend these folks.”
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Frequently Asked Questions
What Does This Mean For Your Solar Panels and Home?
On average, homes with solar panels tend to sell quicker than others, and generally solar panels increase home value compared to houses without solar panels. You could use that extra cash to take a nice getaway vacation - and you'll deserve that nice getaway after selling your house. In addition to this, developers have even started building homes with solar panels attached already installed hoping they would be appealing to prospective home buyers.
A growing number of homeowners and small businesses are installing solar energy systems. Aside from the environmental benefits, there are plenty of financial reasons why homeowners would be interested in adding solar panels to their homes. As fossil fuel becomes scarce, the price of grid produced power will continue to rise. Solar panels allow you to produce electricity for your home without having to rely on costly utility companies, and solar panels increase home value as well.
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You’ve done your homework and you know going solar makes good sense for the environment, your wallet, and your property value. Your next step is to invest in a solar power system you can trust provided by SunState.
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