If you are a homeowner then you understand the value of updating your house and increasing its value. Home projects such as a new roof, windows, modern appliances, and even a fresh coat of paint can benefit your home’s value over time.
But when you install solar panels on your home you can increase the value of your home. And few investments pay for themselves as quickly as solar panels.
First, the federal government has tax credits for solar power which can help recoup a portion of the installation costs. Many states also have credits that can defray the initial cost of putting in solar panels. When these incentives and credits (along with other programs) are added with reduced energy bills, a new solar power system can pay for itself in a few years.
Paying less for energy is an attractive reason many homeowners install solar panels in the first place.
But this is also an attractive feature of solar power for home buyers too. When you decide to sell your home, you can expect to see an increase in your property values with solar power. A study put together by the Lawrence Berkeley National Laboratory looked at home values across 8 states over a 10-year period. This study noted a strong correlation between a rise in home prices where solar panels were installed. Homeowners saw increased values between $12,000 to $16,000 when they installed solar panels on their homes.
Solar power is a major investment for homeowners, but it has been shown that solar can save you money now and make you money when you sell your home too.
Contact Sunrise Solar today to see how solar for your home can help you!