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Should I Invest in Solar Panels for my Home?

May 18th, 2016 - 3:12 PM

Solar power information for upgrading your home

While renewable energy sources come with quite a few benefits compared to regular electricity, solar panels aren’t a typical find when it comes to the housing market. If you’re trying to sell or upgrade your property, investing in solar energy is a great way to add value and protect the earth at the same time. We’ve partnered with Modernize, a home renovation resource, to provide more info on home solar panels. Let’s look at some of the details you need to know about going solar!

How solar panels increase home value

The ecological impact of solar energy goes without saying — using the sun’s natural energy is great for sustainability. But when it comes to selling your house, one of the biggest benefits of solar panel installation is the utility cost savings. Harvesting solar energy and using it to power your home can drastically reduce the electric bill, an energy-saving improvement that appeals to potential buyers. Several states offer net-metering programs to credit your account for days your solar panel system generates more electricity than your home uses, meaning you could actually end up with a surplus at the end of the year! Other states offer options to sell extra power back to the utility company for a profit.

Combining lower utility costs with eco-friendly solar panels can help you sell your home quickly at a higher price — according to the U.S. Department of Energy, your home is likely to sell twice as fast as homes without solar energy sources. In addition, the U.S. Department of Housing and Urban Development says such improvements can raise your home value by an average of $20 for every $1 saved in electricity costs (for example, an annual savings of $1,000 could raise your home value by $20,000). When you consider the cost savings, increased home value and conservation benefits, making the switch to solar power is an easy decision!

Solar panel installation and rebate info

Take a look at the infographic below to learn more about the benefits of investing in solar panels, including options for solar panel rebates and incentives. For more resources about the benefits of going solar or to find a solar installation pro, check out modernize.com.

Solar Power Information