Can Solar Panels Increase the Value of Your Home?

Many homeowners are reluctant to pay the upfront costs associated with converting to a solar panel energy system. However, with renewable energy sources resulting in a reduction of energy bills, as well as the additional value that it could add to your home, it may be worth considering the switch and reaping the benefits.

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House Values

Findings suggest that solar panels can increase the value of your property by around 14%. A majority of 69% of Brits would consider purchasing or renting a home that is equipped with solar panels. And the installation of panels also positively affects a home’s EPC rating, which makes it more desirable.

Conditions in the current housing market mean that houses that are considered as having ‘green credentials’, such as the installation of solar panels, are more favourable and sought after. This in turn influences their overall market value, driving up the prices on the property market.

Currently, studies taking place in the UK are looking to establish the link between house value and the installation of solar panels. The findings support the proposition that most ‘green’ houses in the UK are doing more favourably on the property market. Studies support the assertion that PV (solar panel) equipped houses do indeed have a price premium.

Solar Panel Installation

Solar panels provide a renewable and sustainable energy source, whilst boosting the value of your home and reducing your bills.

Professional installers can assist with a wide range of installation options, suitable for any roof type, or even ground-mounted panels. This means that solar energy is accessible to most households in the UK. For further information on the installation of solar panels Gloucester and the surrounding areas, visit a specialist like gsmlimited.com/services/solar-panels/gloucester.

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Many studies also suggest that a home equipped with solar panels not only sells for more money, but also sells more quickly. For those looking to live in or purchase homes that are more environmentally conscious, they are an attractive addition in terms not only of house value but also as a means of cutting energy costs long term.