HOW DO SOLAR PANELS AFFECT REAL ESTATE COST?
Solar energy is one of the most popular energy sources. While the upfront costs of switching to solar can be significant, if you purchase the system directly, the benefits and savings will provide a positive return on your investment over the long term. How much do solar panels add value to a home? Well, several studies prove that homes equipped with solar panels are valued and sold at higher prices than comparable non-solar homes in the same area. On average, the value of a home increases by 3 to 4 percent with the addition of solar panels.
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Factors Affecting How Much Solar Panels Increase Property Value
So, solar panels add value to your home. It depends on several factors such as:
Your location
The cost of electricity in your area
Installation size and your home
Type, age and warranty of your solar panels
How much energy can the system save
Choosing to manage your home with renewable energy helps protect the planet and reduces carbon emissions. By using solar energy to generate electricity, you ultimately reduce the need to burn fossil fuels, which affect local air quality and emit harmful greenhouse gases.
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