Does Solar Increase Home Value?
As you explore your options for solar power in New York, you’ve probably thought a little about how solar might affect the value of your home. Solar is often positioned as an investment because it creates savings that then generate a return over time. In most cases, homeowners will see savings equal to the cost of installation, within the first ten years of ownership. Solar may even create value in ways that aren’t immediately obvious. Will solar increase home value? According to most realtors, the answer is yes.
Learn about how solar could improve your home in unique ways and get your free home solar estimate from the team at New York Power Solutions.
Solar Panels Can Improve the Selling Price of Your Home
People are increasingly learning the importance of energy independence at home. With high electricity rates in New York, solar is in high demand. Solar helps to offset the cost of electricity by providing a significant amount of free and clean energy to the home. If you want to save money on your utility bill, there’s nothing more effective than rooftop solar panels.
People who are exploring the home market also recognize this fact. Buyers will typically pay more for a home that has solar panels installed because this creates convenience while also eliminating the need to spend on an installation.
You could get solar and enjoy the benefits today. You could sell in five or even ten years and your solar panels would still add value to the home. Panels last an average of 25 to 30 years, so even if you use the panels for a few years before selling, there will still be plenty of life left for the new homeowner.
Solar Panels Improve Overall Curbside Appeal
Purchasing a home is as much an emotional decision as it is a financial decision. The initial impression contributes significantly to the final choice of buying a home. Adding solar panels to your home can improve the curbside appeal to make potential buyers interested in the home at first glance. If you want your listing to have more of a wow factor, then having solar panels on the roof can help.
You could install your panels now, even if you don’t plan to sell for another five or ten years. The panels will still add curbside appeal.
It’s Affordable to Install Panels with Smart Solar Financing and New York Solar Tax Credits
One of the best things about going solar is that the process is affordable. You don’t have to pay for everything right away.
Smart solar financing can be split across two terms. The first will be interest-free, utilizing your expected New York solar tax credits and federal tax credit. The second will be a standard loan with a great interest rate and can be spread out as much as you need to make repayments manageable.
Tax credits and incentives will dramatically reduce the real cost of solar. With our team, you can get started with no money down.
Can Solar Increase Home Value? – The Bottom Line
It’s one of the most common questions asked by homeowners: can solar increase home value? The answer is yes, and the results are long-lasting. Because solar panels have such a long lifespan, the return on investment carries over for more than two decades.
Want to learn more? You can get your free home solar estimate from our team by contacting us today. We’ll make sure the process is simple and we’ll provide all the information and data that you need to make the right decision.
