Posted by Todd Filbrun on Mon, Nov 26, 2012 @ 11:55 AM
Home solar systems are becoming more popular as the technology improves and becomes increasingly more affordable. Savvy homeowners know that a small investment now will not only reduce monthly energy expenses, but can also increase their home value and make their property more appealing to future buyers.
While it is an intuitive assumption that home solar systems add value to a property, there are also facts that prove it. A 2011 study done by scientists at the Ernest Orlando Lawrence Berkeley National Laboratory found that:
"The analysis finds strong evidence that California homes with PV systems have sold for a premium over comparable homes without PV systems."
The study, which analyzed data between the years 2000 and 2009, found that home solar systems added an average value of about $17,000. This figure also corresponded to the average investment homeowners had made in the system. Combine this with the monthly electricity savings that are generated while you live in your home and it's clear that solar can actually make money for you in the long run.
However, these benefits only exist when you purchase your solar system. If you participate in power purchase agreement or have leased your system, it could actually be more difficult to sell your home because the contract must be transferred and not every buyer wants to take on that responsibility. Many homeowners do not have sufficient cash to purchase a solar system outright, but affordable solar loans have made it possible to own your solar system with flat, low monthly payments that replace your energy bill. A solar loan also allows you to take advantage of tax credits and local rebates, which is not the case with a solar lease. If you are interested in learning more about how home solar systems can increase the value of your property, contact the professionals at Kurios Energy. We can show you how to select a solar system that is right for your home, and help you save money through tax rebates and smart financing solutions. Contact us today to learn more. How would you like to save money every month and increase the value of your home at the same time?