How Solar Panels Can Increase Your Home’s Value

How Solar Panels Can Increase Your Home’s Value

Every homeowner understands the importance of their home’s value. With improvements to your home, the value can increase significantly and, in the long-run, benefit you when it’s time to sell. Homeowners know that solar panels can save them on their energy bill but how do solar panels impact your home’s value? Many studies have shown that homes with solar panels are sold at prices above comparable homes. With the cost of solar panel installation dropping, going solar is ensuring the most bang for your buck! The team at Bison Roofing and Solar have provided you with more information as to how solar panels can increase your home’s value.

Prices Are Low

In 2018, the average price per watt to install solar is between $2.71 and $3.57. After tax credits, the cost of solar panels will range from $11,000 to $14,000. This cost is a six and a half percent decrease from last year. These prices will continue to fall, but in general, the prices will fluctuate from state to state. Your property value will increase with the quantity and quality of solar panels, so be sure to pick a team of experts for your solar panel installation.

Great Investment For Your Home

From day one, going solar will lead you to see immediate savings on your electricity. You will see a return on investment that will pay for itself over time after a payback period ranging from about 4 to 20 years. This is influenced by factors such as your power usage, where you live and the size of your house. Regardless, your initial cost of installing solar panels will be nil in comparison to the amount you would have to spend on rising utility costs.

Buyers Love Solar

Lower energy bills and solar payback is quite appealing to a potential buyer. If you are still asking yourself the question: why do buyers pay more for homes with solar panel systems? The answer is simple: the new homeowners will be saving a ton on their power bills thus the initial cost makes perfect sense. According to statistical data, solar panels can help your home sell 20% faster than a home without solar panels.

Bison Roofing and Solar – Going Solar is Easy

The experts at Bison Roofing and Solar can provide you with the highest quality photovoltaic (PV) system that will save you money and add value to your home. With over ten years of experience under our belt, we are your professional installation team for the job! Call us at (954) 541-5197 or contact us here for a free solar evaluation!

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