Do Solar Panels Add Value To Your Home Australia

Says real estate agent aaron zapata of inman according to fha and fannie mae whether solar panels add value or are viewed as a liability is still unclear.

Do solar panels add value to your home australia.

There is a cheap cost effective and energy saving alternative guaranteed to add immediate value to your property solar panels. Solar panels can help lower your electricity bill. Research indicates that the more solar panels there are on the roof the higher the value of the home with an estimated increase of almost 6000 dollars per kilowatt of solar energy. Choosing renewable energy helps protect the planet.

The general consensus is that like pools solar panels are unlikely to increase your house price significantly but firstly let s just say solar panels are very unlikely to reduce your house price. The short answer is yes. Since solar energy is viewed so positively by most of the australian public it follows that this can be a selling point for the home. Solar panels are one of those tricky things we all like to believe increase the value of a home.

Really the only major downside of solar panels is the aesthetics and the fact that house might not look as good. A new study suggests the answer is yes although whether it s enough to actually cover the cost of the panels depends on where you live. A home that uses the power of the sun to produce electricity reduces the need for burning fossil fuels which emit greenhouse gases like carbon dioxide co 2. The majority of australians believe solar power equipped homes are more valuable than those relying on traditional means of electricity.

A recent survey conducted by origin energy revealed that 85 of australians thought solar panels added value to property. The typical home system produces 4 kw of power which would increase your home s value by 23 644. A solar panel installation in sydney is not only an investment in the future of the planet and sustainable energy but also a direct measurable investment in boosting your home s market price. Solar panels are good for the environment but are they good for the value of your home.

According to research from the national renewal energy laboratory each kw of an installed solar panel system can add 5 911 to the value of your home. Having a solar panel system installed is one such way to save.