Do Solar Panels Add Value To Your Home Australia

The general consensus is that like pools solar panels are unlikely to increase your house price significantly but firstly let s just say solar panels are very unlikely to reduce your house price.

Do solar panels add value to your home australia.

After all they save homeowners a ton of money right. A solar panel installation in sydney is not only an investment in the future of the planet and sustainable energy but also a direct measurable investment in boosting your home s market price. Choosing renewable energy helps protect the planet. There is a cheap cost effective and energy saving alternative guaranteed to add immediate value to your property solar panels.

A home that uses the power of the sun to produce electricity reduces the need for burning fossil fuels which emit greenhouse gases like carbon dioxide co 2. With electricity prices only increasing people are naturally looking for ways to save money on the bills. Really the only major downside of solar panels is the aesthetics and the fact that house might not look as good. The typical home system produces 4 kw of power which would increase your home s value by 23 644.

According to research from the national renewal energy laboratory each kw of an installed solar panel system can add 5 911 to the value of your home. When we look at pools in some cases a pool can actually reduce the value of your home but with solar panels that is unlikely to happen. Having a solar panel system installed is one such way to save. Since solar energy is viewed so positively by most of the australian public it follows that this can be a selling point for the home.

The short answer is yes. Solar panels are one of those tricky things we all like to believe increase the value of a home. Solar panels can help lower your electricity bill. Says real estate agent aaron zapata of inman according to fha and fannie mae whether solar panels add value or are viewed as a liability is still unclear.

A new study suggests the answer is yes although whether it s enough to actually cover the cost of the panels depends on where you live. The majority of australians believe solar power equipped homes are more valuable than those relying on traditional means of electricity.