Solar Panels and Increasing Property Value
We all know that one of the best ways of investing money is by putting cash into a property whether is a commercial or residential property. In fact, statistics show that when you add finishing touches to your home, you increase the value of a property. The installation of solar panels on residential properties has become increasingly popular in recent years, driven by a need to reduce electric bills. In this article we explore solar panels and home value increase.
Increase the value of your property
Research shows that properties equipped with solar panels generally have higher resale values compared to those without. The actual percentage increase has not been quantifiable as yet as there are several other factors which are taken into consideration when a property goes up in value such as, location and other finishes.
Save energy and enjoy more money in your pocket
Properties with PV solar panels enjoy a reduction in electric bills and allow owners to generate their own electricity that can be consumed by the property owners themselves, or the energy generated can be sold back to the government. This potential for long-term savings can be a driving factor for prospective property buyers.
Appeal to buyers who care about energy sources
Many homebuyers are attracted to properties with solar panels due to the potential for energy cost savings. The idea of lower electric bills is a significant selling point, and it adds to the attractiveness of the property.
Clean energy is a growing trend
As the world moves towards creating targets for clean energy, market trends are favouring homes which are more efficient in their energy consumption. Eco-friendly initiatives such as: installing solar panels, making use of well water, and reducing energy and water consumption, are creating a market where energy efficient homes are becoming more every more appealing.
Taking care of your PV System
Well-maintained solar panel systems have a positive impact on home resale value. Maintaining your solar panels is simple. All they require is general cleaning from time to time when dirt from rainwater accumulates. When they are kept at optimum conditions, and are in good working condition, you get the most out of your system.
Investing in solar panels in your home or your business in Malta is beneficial to increase the value of your property. Regular cleaning and professional inspections ensure that you can enjoy the benefits of clean, renewable energy for years to come while making a positive impact on both your property, your finances and the environment. If you are considering upgrading your current solar panel systems get in touch for a consultation.