How Your Solar Energy System Increases Your Home Value
When it comes to saving money with solar energy, there is more than one way you’ll benefit from making the switch. As we discussed here, your solar energy will begin saving you money right away on your power bill, and you’ll be protected from increasing price hikes over time.
Another factor that has a huge financial benefit is that the system increases the value of your home, so the money you spend now on your system will help you to make more money in the long run!
Solar panels typically increase the value of your home by the full cost of the system, so when you sell your home, you’ll receive your initial investment back. Solar panels can add up to 3-4% to the value of your home, and homes with solar panels tend to sell faster with homes that don’t. So not only are you adding to the value of your home but you’re also making it more appealing to the market.
If you’re thinking about installing solar energy but not sure if you will be in your home long term, you can enjoy the benefits of solar energy now and then make back your investment when it comes time to sell. Solar energy is a long-term investment in your home that also starts saving your money right away- it’s a total win-win.
There are a number of factors that will affect to total value it will add to your home such as the size and age of your system as well as the demand for solar in your area. Luckily, solar energy is becoming increasingly in demand in Nova Scotia as new rebates and incentive programs, along with a growth in awareness of the benefits, is making it increasingly attractive to homeowners.
A solar energy system will help you to save both in the short term and the long run. If you’re ready to get started with your own system today, get your FREE customized report here!