Solar Panels Increase Home Resale Value
Anyone who has lived near Asheville, NC for any amount of time has seen how competitive the real estate market has become. There are homes being built and sold every day at a premium. A recent study has shown there is an earth-friendly way to increase the resale value of your home (vs a kitchen or bath remodel) and make it more appealing to buyers amongst the myriad of other listings.
Real Estate Resale Study
A yearlong study by Zillow.com has shown that installing a Solar Energy System on your residence will increase the value by over 4%. In Asheville, the average home sale price is $284,500 which would result in raising the listing price by at least an additional $11,380. Another study by Berkeley Lab and the US Dept. of Energy found home buyers are willing to pay over $15,000 extra for a home with an already installed solar energy system. Both of these amounts are above the net cost for installing an average sized solar energy system, making the homeowner extra cash even before considering net metering savings on electric utility bills.
One of the most common worries we hear from people interested in residential solar is that they may have to sell their home or are unsure if they will move in the next few years. This should make their decision even easier! It truly is a no-brainer to make the switch to use clean and renewable energy, lower utility bills, and make money when it comes time to sell your home.
Going Solar For Less
For those interested in solar financing, SolFarm offers zero down, unsecured, penalty free (pay the loan off whenever you like) solar loans. Combining a solar loan with the Duke Energy rebate, and the Federal ITC (30% until the end of 2019! Drops to 26% January 2020.), can help you go solar for a whole lot less than you may expect. Contact us for your free quote!
- Published in Solar Energy, Solar News