How Can A Solar Energy System Increase the Value of Your Home?

Residential solar continues gaining popularity as more people realize the significant financial benefits of generating their own electricity. But did you know that adding a solar energy system is one of the few home improvement projects that can simultaneously increase your home value while reducing your monthly power bill? Think about it: that new kitchen isn’t going to put money back in your pocket every month, but your solar energy system certainly will.

When determining a sales strategy for a solar-equipped home, it’s important to consider how you financed the original solar purchase. There are significant differences between owned and leased systems. With fully owned or traditionally financed systems, the equity you’ve gained can be easily factored into the sale price. With a leased system, the buyer must be willing to take over the monthly payment, which can be a slightly more complicated sale. In all instances, selecting a solar-savvy sales agent who can present the options is critical.

Here are a few more factors to consider when thinking about solar and home value:

1. Location, location: Like most things in real estate, location is key. Solar-equipped homes in markets where conditions are ideal, like here in the Valley of the Sun, will generally yield higher returns than homes in areas with less sunshine.

2. Quality of your solar system: Property values increase directly related to the quality and efficiency of the solar energy system installed. Using the latest technology and most advanced PV (photovoltaic) hardware ensures better performance, lifespan, and aesthetics. Moreover, designing a system specifically for each home and family ensures the best possible performance and a better financial return. Sun Valley Solar Solutions designs and installs only the highest quality rooftop solar systems, and every design is optimized for each customer’s unique home and energy usage patterns. We’ve even won a few awards for our work.

3. Size of your home: Larger homes typically have larger utility bills, especially in Arizona, where our AC systems are essential during the six-digit summer temperatures. People looking to purchase larger homes, often for growing families, are looking for efficiency options that can help keep monthly costs in check from day one. A home with an installed solar energy system represents immediate monthly savings for people who need lots of space to grow.

Suppose you’re interested in learning more about how a solar energy system can help reduce your environmental footprint and save money on your energy bills. In that case, you can download our free solar evaluation guide. We invite you to download the guide, and if you’re interested, request a custom solar quote from one of our solar experts today.