You’ve probably seen plenty of advertisements on how going solar can save the planet and put money back in your pocket. You may be wondering if this is all just fluff or if there is any truth to the claims. The truth is that it depends. Just like getting a new roof can be a valuable investment, if you don’t get the right type of roof for the elements or have it installed poorly, the investment could come back to haunt you. Solar installation can be very similar. If you want to add significant value to your home, you need to understand what your solar needs are and what installation options are available to you. You need to find the right solar company who can install quality panels and the correct system size.
Huntington Beach is a beautiful area that offers a great perk to homeowners — lots of sunshine. While having great weather is always a plus, this comes as a serious perk for those considering solar panel installation. Southern California is simply a prime location for solar panels, especially considering the high electricity expenses and general cost of living. With volatile electricity rates, investing in solar can provide stability and sustainability for both homeowners and the environment.
So how do you determine the value of adding solar panels in Huntington Beach? We explore the potential value and benefits below.
How Solar Panels Can Add Real Value to Your Home
Several studies, including one done by Lawrence Berkeley National Laboratory, have confirmed that having solar panels installed on a home in California can add value to your property. But how much value do they add? It seems the average number was around a 3% to 4% increase in property value, with homebuyers being consistently willing to pay the higher cost for homes with solar panels. The study found that this ranged around $15,000 for homes with average-sized systems in place. Before you expect to be able to add that number to your home price tag when selling, however, it is important to think through the additional factors that could impact the added value.
Generally speaking, the following details may factor into the overall price bump from solar panels:
- Brand and quality of PV panel installed (trusted name, higher grade, etc.)
- Amount of peak sun exposure the panels get on a daily basis
- Size of the entire solar panel system (as well as any solar battery storage like Tesla Powerwall)
- The size of your solar panel system in comparison to the electricity needs of the household
- If the system is owned or being leased from a third party
Of course, the starting value of a house as well as current market prices will also impact how much more value solar panels will provide.
You can further increase the actual net value for yourself by ensuring you take advantage of all incentives, rebates, and tax credits available to you at the time as well. By reducing your upfront cost, you ensure that you enjoy the full added value of solar panels on your home.
Can Solar Panels Help Your Home Sell Faster?
From kitchen remodels to bathroom upgrades, there are certain projects you invest in with the hope that it will make your home more valuable and marketable. Having value added to your home can be great news, but how does that help you if you can’t sell your home?
Thankfully, solar panels can be one of those property investments that does both. The Department of Energy found that there was evidence that homes in California that had solar panel energy systems installed (and were owned by the homeowner) were selling faster than comparable homes on the market that weren’t as energy efficient. This means that solar panels don’t just add great value to your home, but can actually make it more marketable and easier for you to sell in the long run.
Not Looking to Sell Your House? Here’s How You Can Still Save.
So you want to add value to your home but aren’t planning on selling anytime soon — solar is still a great option. Why? Unlike a bathroom or kitchen remodel, solar panels don’t go out of style. The renewable energy trend is here to stay for decades to come. That means you can have peace of mind adding solar panels to your home, even if you aren’t planning on selling until further down the road.
Solar panels typically come with performance warranties ranging from 20 to 30 years. That’s a long time for a sustainable energy system to be powering your home. More than that, some solar panels could last around 80 to 100 years, performing at solid efficiency despite expected degradation — even after decades of use and exposure to the elements!
Having high-quality panels installed by a trusted solar contractor can also help ensure the lifespan of your solar panels is worth the investment. Though maintenance and upkeep is not usually a concern when it comes to solar modules, having the right company install your panels ensures that if any bumps do occur down the road, someone will be there to make it right and assist you so that you don’t have to deal with any inconveniences!
Find Out the Value Solar Can Add to Your Home
Going solar is an investment — one that can be very smart based on the value and marketability it can add to your home. That doesn’t even include the benefits you get to enjoy on a monthly basis with reduced electricity bills and a minimal carbon footprint.
If you are interested in finding out more about the value that solar can add to your property, feel free to reach out to our solar experts here at Semper Solaris. We’ve helped thousands of customers save money by installing the right solar panel system for their properties. Our goal is to make the process as simple as possible, getting straight to the point so you can understand how much you’ll save and how much anticipated value you could add to your home. From assessing your roof to determining the number of panels your household would require, we help you think through every detail so you can make an informed decision and start saving today!
Let Semper Solaris help you add value to your home. Get more information about going solar today!