Do Solar Panels Add Value To Your Home Australia

Choosing renewable energy helps protect the planet.

Do solar panels add value to your home australia.

Solar panels can help lower your electricity bill. The typical home system produces 4 kw of power which would increase your home s value by 23 644. Solar panels are one of those tricky things we all like to believe increase the value of a home. When we look at pools in some cases a pool can actually reduce the value of your home but with solar panels that is unlikely to happen.

Really the only major downside of solar panels is the aesthetics and the fact that house might not look as good. A new study suggests the answer is yes although whether it s enough to actually cover the cost of the panels depends on where you live. Research indicates that the more solar panels there are on the roof the higher the value of the home with an estimated increase of almost 6000 dollars per kilowatt of solar energy. The short answer is yes.

After all they save homeowners a ton of money right. Solar panels are good for the environment but are they good for the value of your home. Since solar energy is viewed so positively by most of the australian public it follows that this can be a selling point for the home. A home that uses the power of the sun to produce electricity reduces the need for burning fossil fuels which emit greenhouse gases like carbon dioxide co 2.

With electricity prices only increasing people are naturally looking for ways to save money on the bills. Says real estate agent aaron zapata of inman according to fha and fannie mae whether solar panels add value or are viewed as a liability is still unclear. There is a cheap cost effective and energy saving alternative guaranteed to add immediate value to your property solar panels. A recent survey conducted by origin energy revealed that 85 of australians thought solar panels added value to property.

According to research from the national renewal energy laboratory each kw of an installed solar panel system can add 5 911 to the value of your home. The general consensus is that like pools solar panels are unlikely to increase your house price significantly but firstly let s just say solar panels are very unlikely to reduce your house price.