In short, yes. The amount of value added by solar panels does vary according to different sources, from the more conservative to the more optimistic. According to research by Solar Energy UK, a solar non-profit trade association, they found that: “Analysis of more than five million property sales shows that installing PV on a typical home could increase its value by £1,891—£2,722. Solar property commands a price premium of c.0.9%—2%. This means that the sale price of a home can be increased by half the cost of installing a PV system itself.” Other research indicates higher increases in value, up to 14% according to the home improvement experts BOXT. Even taking the more conservative figures into account, it is very clear that solar panels do add value to your home. So, if you are thinking of selling your home in the future, you will certainly benefit from your investment in your home solar power system when you sell your house.
Is solar a good investment?
Anything that adds something extra to your home will increase its value, and hence be considered a good investment. A home office in the garden, a conservatory, or solar panels. Solar panels have the added advantage of saving money on energy bills and improving your carbon footprint. So, when compared to other home improvements, solar panels could be far more attractive to potential buyers. Given the rising energy costs and the public’s growing awareness of climate change, solar panels will be seen as a desirable feature. Even if you are not intending to sell your home, solar panels will be of benefit to you and are an excellent investment.
How much does solar increase home value?
The figures around how much value solar panels add to your house do vary, from 2% to 14%. However, it is clear that there is a unilateral agreement that solar panels do add value to your home. It is well documented that sensible and considered home improvements can add value, and solar panels, with their added bonus of saving money and reducing carbon footprint, certainly make a home more attractive to potential buyers. If you are considering investing in solar panels, even if you are not intending to sell your home in the near future, it is still reassuring to know that your investment in solar panels will increase the value of your home.
Do solar panels make houses more saleable?
If you are considering selling your property, it is always worth considering how saleable it is. Anything that gives potential buyers something extra, will make your property stand out from other available properties. For example, if there are four three-bedroom houses for sale in the same area, with a similar footprint, and parcel of land, then the home with solar panels will stand out. People are becoming more conscious of their carbon footprint, and everyone is affected by rising energy prices, so a property with solar panels will be far more attractive than a similar property without.
Examples of solar panels’ impact on UK property prices
There is some regional variation on the impact of solar panels on property prices. Research carried out by solar panel specialists EffectiveHome.co.uk has found that installing panels on properties can increase house prices across the UK by £32,459 on average. This varies across the regions with London properties enjoying an extra £90,000 on the average value (£686,321) of a property, while Birmingham can look to gain £28,762 on the average value (£205,445) of a property. Further north in Glasgow, homeowners can expect £25,358 above the average value (£181,134) on a property.
Why do solar panels increase the value of my property?
Rising energy costs are a huge concern to UK households, with many people struggling with the increased costs. Solar panels are known to reduce energy bills, with some households even managing to sell excess energy back to the National Grid. A property with a solar battery system is even more attractive. This enables homeowners to generate energy from their solar panels throughout the day and store it in their home battery, to be used during the evening. For people who have made the move to an electric car, solar panels are extremely attractive, as they can not only power your home but also your car.
Factors to consider
If you are considering installing solar panels, then it is worth also investing in a home battery to optimise the potential of your solar panels. This will enable you to save the energy produced by the sun during the day to be used during the evening. The better the solar set-up that you have in your home, the more attractive it will be to potential buyers. Even if you don’t plan to sell your home in the near future, you will enjoy the benefits of your investment.
Choose a Duracell Energy home battery
Investing wisely in your home will help you to save money, and increase the value of your home, should you choose to sell your home in the future. An investment in a complete solar power setup will benefit you. Our range of Duracell Energy home batteries, EV chargers, and inverters all work together with our impressive app to give you complete control of your entire household energy system. Embrace a greener tomorrow, with Duracell Energy home batteries today. Simply use our online quote calculator to help you choose the best solar battery storage set-up for your home.