How Much Can My Home Value Increase With Solar

Not only you can lower your utility bills with residential solar installation but also increase your home value substantially. Solar Installations in Texas, Illinois, and South Carolina are significantly increasing property demand.

According to research by Zillow having a residential solar system installed in a home, increases the home value by 4.1%. That is why nowadays, home buyers are more interested in homes having residential solar installation than ever before. 

The National Renewable Energy Laboratory (NREL) found that every dollar saved on energy through solar raises home value by $20.

Your house value depends upon a number of factors like location, and installation size. As electricity prices go up, Your solar installation will get to work, saving you $$$ on monthly bills.

The recent research gives an estimated average increase in resale value being $5,911 for each 1 kilowatt (kW) of solar installed. In a state like California, a small 3.1-kilowatt (kW) system of solar panels adds up an average of $18,324 to the worth of a medium-sized home.

Solar power generation arises mainly during the afternoon and is higher during summer, as most warm climates need more electricity. On these hot days, the demand for air conditioners increases thus consuming the most energy, impacting the electric bills. 

Here are 5 things to know about why residential solar systems increase home value; 

5 Things to Know Why Home Value Increases With Solar

1. Property Tax Saving

The solar installation will raise property taxes. The good news is that many states are offering property tax-free solar power installations to boost green energy.

The solar investment tax credit (ITC) permits homeowners to deduct 26% of the cost of their solar systems. The new trend of green living means there is a desire growing for carbon footprints for homes. 

Texas has a renewable energy property tax exemption, which means residents of the Lone Star State don’t have to pay any more taxes as a consequence of the value added by their residential solar installation.

2. Major Decrease in Utility Bills 

Solar energy is an efficient way to generate power at a lower cost. Most people have already started shifting their homes to solar power. The US is a growing market for residential and commercial solar demand and in upcoming days the demand for solar will surge even further.

Solar benefits the utility bills which we can’t deny. The installation of solar is valuable because it is an alternatives method of energy production at a low cost. People are interested in solar energy as it saves future energy costs.

3. No Upfront Costs Involved

There is no upfront cost involved to get a solar installation, offers by solar lease and PPA’s. 

Getting solar installation on your property is very easy, especially with Smooth Solar Power Professionals. We install the system on the rooftop of your property and charge a monthly fee to lease the system. All you need to pay in monthly installments. Now you are free to use solar energy. 

If you want a solar installation in your home, feel free to contact us.

4. Solar Installations Lasts for years

Manufacturer guarantees that the solar systems last for a number of years. Warranties often last between 10 and 20 years.

The estimated years of warranty can only be covered if they are properly maintained. Some of them last up to 25 years if you maintained them properly.

5. Minimum Maintenance Cost

Solar energy requires low or minimal maintenance. All you need to do is clean the system from dust, dirt, and debris that will help to keep them well ordered and improve its power source. The main thing for the maintenance is cleaning. 

Other types of maintenance system requirements are annual inspections that can be done by the solar professional. The inspection is needed when the solar is not producing enough energy as it should. 

Most homeowners hire professionals to clean and inspect the installed solar each year as it is safe to do this.

Save Money With Solar installation

Of course, you do save money by installing solar panels at home. It is a hassle to pay much higher electric bills. Savings depends on the electric costs per kWh. 

Some areas of the country have the benefit of saving $500 a year. Areas that have low sunlight can grasp around $150 in savings a year. 

Solar systems will raise property taxes. The good news is that many states are offering property tax-free solar power installations to boost green energy.

The solar investment tax credit (ITC) permits homeowners to deduct 26% of the cost of their solar panels. The new trend of green living means there is a desire growing for carbon footprints for homes. 

Types of Solar Systems That Are Valuable For Home

There are two main types of solar systems grid-connected systems and off-grid systems; 

Grid-connected systems

The most common types of solar panels are installed in homes. A grid-connected photovoltaic system is an electricity generating solar PV power system that is joined to the utility grid. 

The system needs batteries and other storage solutions, therefore, avail solar-generated power when it’s sunny. The rest of the electricity that’s not used is transmitted reverse to the power grid. 

Off-grid system 

They work independently however these systems utilize batteries and other storage solutions to keep a constant electricity supply. 

In this system when it’s sunny the unused electricity can be stored in the battery and utilized when it’s sunny. It comes in a sophisticated environment. 

Pros And Cons of Solar system at Home: 

Like everything of course solar installations also has some benefits and drawbacks. Solar energy lowers the harmful emissions caused by fossil fuels while burning for the normal electricity thus improving the health issues.

Here are some pros and cons of the solar panel at home; 

  1. The installation cost is much higher so as the maintenance. 
  2. It works when the sun is rising. 
  3. Solar need yearly maintenance. 
  4. The parts much are replaced after some years. 
  5. It is a one-time investment but budget-friendly for the upcoming bills. 
  6. Solar saves water as it does not require it. 
  7. It causes no pollution so humans can easily breathe fresh and healthy air. 
  8. Slow down carbon footprints. 
  9. Reduces respiratory and cardiac issues. 

Summing Up: 

Solar systems increase the home value up to 4.1%. It works best in sunlight. Solar save humans from high utility bills plus other health benefits too. Obviously, we can’t deny how solar can make life easy and work efficiently for the present as well as for the future. 

However solar installation requires yearly maintenance but how do you get to know that it requires maintenance? Well when the solar systems do not give the energy as they should and the healthy bill goes high, this is a sign of maintenance. It lasts up to 25 years. 

For Solar installation solutions in Texas, South Carolina and Illinois contact Smooth Solar Power and start saving money on your utility bills.f