“Solar panels have had an unexpected benefit. They increase the value and sell-ability of your home.”
This, however, only applies if you install the solar panels yourself. Companies which offer free solar panels, and rent your roof space, will have the opposite effect.
You do need to make sure that the solar panels are owned by you, because solar panels offered by a free solar panels company will quickly become a white elephant for anyone selling a property which has solar panels owned by a third party.
A solar panel installation makes a house more desirable to any future home buyers if it is part of the property, than one with free solar panels, which is not. In addition, estate agents have seen average priced properties with solar installed selling for up to 5-10% more than properties without solar panels.
So why do solar panels make such a difference to home selling?
Stuart Lovatt from Heat my Home says, Since the introduction of the feed-in tariff in April 2010, installing solar panels on your home has come to be regarded as one of the most secure and profitable investments of recent times.
Firstly, there are the savings made on energy bills by using self-generated electricity and the feed-in tariff scheme, which adds up to a nice bit of extra income for the homeowner. Who wouldn’t want to decrease their energy expenditure in these costly times?
This is a fantastic selling point.
Even with a small to average sized solar installation you can expect to save around 250 a year from your electricity bills, and get around 350 a year feed-in tariff income. This scheme will continue until 2027, and the savings are going to increase further as energy prices rise further and further.
A premium house with premium technology is always going to outshine your competitors (excuse the pun).
When selling a house with solar panels, pitching to potential buyers is so easy because they will not have to make the capital investment of installing them. You have already done that.
If they buy your house, they will get the primary benefit of cheaper electric bills than in any other house, and in addition, 15.44p for every unit generated plus 3p for every unit exported until 2027 they would be crazy not to buy into that.
If you are staying in your home you can sit back, relax and enjoy the benefits of your panels, but if you want to move home, then installing solar panels will help sell your home for a premium whilst installing another solar panel system on your new house and still claim the feed-in tariff too.
Jump at the opportunity before your neighbours do.
"Feel the pride."
Stuart Lovatt on
Founder of Heat My Home.