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How Solar Panels Affect Your Home Value

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Your home is your biggest asset and adding value to it will play a significant part on your finances in the future.  Solar power is actually a good way to increase your home’s value and decrease your energy bill as well.  Whether you are looking into selling your house or staying in it for a long time, installing solar panels is nothing but a good investment.

Everyone needs electricity and so among all types of home improvements, installing solar panels is one of the best ways to improve the value of your home.  This tremendously reduces the cost of electricity and anyone can actually see how this is an advantage.

Australian’s Perspective on Solar Panels

Statistics show that 19% of the population in Australia are using solar as a source of energy, especially for water heating.  As time goes by, more and more people are installing solar panels in their homes, and it is becoming quite a trend.  It is estimated that a home’s value increases up to $6000 dollars per kilowatt of solar energy, so the more you have them, the higher your home’s value will be.

Australians view solar energy very positively, and in fact, prefer homes with solar energy installation.  The savings on energy will outweigh the costs of putting up solar energy on your home.  Which is why, houses with solar energy systems sell 20% faster in the market compared to those that don’t.

Solar Panels Can Be a Good Investment 

If however, you decide to landlord a house, it is good to note that renters are willing to pay extra for a home with solar panels. It is indeed a great investment as this increases your profits. You can charge more for rent and your home will likely be rented out all the time. You won’t be left empty-handed.

Should you decide to keep your home instead of putting it up for sale, solar panels are still a good form of long-term investment.  As mentioned, the tremendous amount of energy savings that you will get out of having a solar energy system is definitely a good enough reason for you to consider.

Especially during cold seasons, energy is very much used in the house.  Heaters can consume chunks of energy and hurt pockets badly.  Wouldn’t it be nice to just sit back, relax, and enjoy the comfort of your home without having to worry about the energy bill that’s coming your way?

Maintenance

 As for maintenance, solar panel repair doesn’t cost much as long as you take care and properly maintain them, and companies who offer maintenance services are also growing in number due to the increasing demand for solar panels.

So you see, one of the best ways to add value to your home is installing solar energy.  It not only upscales the resale or rental value of your home, but also offers future savings for you should you decide to keep it.

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