Installing solar panels on your roof statistically helps when you decide to sell your house. Homes equipped with photovoltaic (PV) solar systems are becoming increasingly attractive to buyers. The numbers show that solar panels consistently add more value to your home.
If you are thinking about selling down the road, going solar now can be a smart move. Here are some of the proven benefits:
Faster Sales
Studies show that homes with PV solar systems sell around 20% faster on average than comparable non-solar homes. Buyers actively seek out properties with existing solar installations. This demand cuts down the time a solar-powered home stays on the market.
Higher Resale Value
Multiple studies have confirmed that solar adds resale value. Homes with PV systems sell for around 5-7% more than identical non-solar properties. In dollar terms, this “solar premium” could amount to tens of thousands in extra equity. That gives sellers more profit potential.
Lower Electric Bills
With solar power, buyers will enjoy lower monthly electric bills. Solar panels can cut utility costs by 50-100% or more. This savings gives buyers more disposable income, while reducing the home’s operating costs. This perk makes solar homes even more attractive.
Protection From Rising Rates
Utility costs continue to rise across the country. Florida Electricity prices have increased by about 20% over the last year. Solar shields homeowners from volatile rate hikes, giving stability to monthly expenses. This appeals to buyers looking for predictability who also understand the solar will be far less expensive than paying the energy company’s rates for years to come.
Improved Home Energy Rating
A higher energy efficiency rating or HERS score boosts a home’s marketability. Solar stands to raise a property’s HERS score by lowering its net energy use. This improved rating signals energy savings to prospective buyers.
Appraisal Appeal
Lenders recognize the value solar brings to real estate. Appraisers factor in PV systems when determining valuations. They understand that having solar will add more value to your home. This means buyers can secure larger mortgage amounts to cover a home’s solar-enhanced price.
Financing is Transferrable
If you are still paying your monthly financing for your solar system, the financing is transferrable to the new homeowners upon approval.
With all of these built-in benefits, it is easy to see why solar power gives sellers an important edge in today’s competitive housing market. If you are looking to attract buyers and maximize your sale price, invest in rooftop solar panels before listing your home. Let the sun bring you higher offers and faster deals.
