Solar panels are a popular investment for homeowners looking to reduce their energy costs and environmental impact. But can they also increase the value of your home?
Boxt completed a study that recognised the value of solar panels in its own research. Here is that report. The report found that installing solar panels can add up to 14% on the value of the property.
The best area for this was Manchester, UK. Great news for us as that’s where we’re based 🙌
There are several reasons why solar panels can increase the value of your home.
First, solar panels can save homeowners money on their energy bills. In fact, the average UK homeowner with solar panels can save up to £800 per year on electricity costs. These savings can be a major selling point for potential buyers.
When you add battery storage onto the solar PV system you can make even bigger savings.
Second, solar panels can make your home more attractive to buyers. According to UBDC and Zoopla data, houses with solar panels will sell faster and for between £14,062 to £16,368 higher than a house without. This is because solar panels are seen as a sign of energy efficiency and environmental consciousness.
Third, solar panels can increase the curb appeal of your home. A well-maintained solar panel system can give your home a sleek and modern look. This can make your home more appealing to potential buyers and help it sell faster.
If you’re thinking about selling your home, installing solar panels is a smart investment. Solar panels can increase the value of your home, make it more attractive to buyers, and help it sell faster.
At Go2 Green Finance we use the fact your solar panels are under warranty for up to 40 years and become a material part of your property. Meaning that we can use secured funding or even a mortgage top-up that pays back over 20,25 even 30 years.
The cost of installing solar panels and battery storage is then spread out over such a long period of time you end up saving money every month guaranteed.
Plus, you can then make use of the superb overnight cheap rate electricity.