Do Solar Panels Add Value To Your Home Australia

Solar panels can help lower your electricity bill.

Do solar panels add value to your home australia.

Choosing renewable energy helps protect the planet. Solar panels are one of those tricky things we all like to believe increase the value of a home. Since solar energy is viewed so positively by most of the australian public it follows that this can be a selling point for the home. A new study suggests the answer is yes although whether it s enough to actually cover the cost of the panels depends on where you live.

After all they save homeowners a ton of money right. Solar panels are good for the environment but are they good for the value of your home. There is a cheap cost effective and energy saving alternative guaranteed to add immediate value to your property solar panels. The short answer is yes.

With electricity prices only increasing people are naturally looking for ways to save money on the bills. The typical home system produces 4 kw of power which would increase your home s value by 23 644. Research indicates that the more solar panels there are on the roof the higher the value of the home with an estimated increase of almost 6000 dollars per kilowatt of solar energy. The general consensus is that like pools solar panels are unlikely to increase your house price significantly but firstly let s just say solar panels are very unlikely to reduce your house price.

A recent survey conducted by origin energy revealed that 85 of australians thought solar panels added value to property. The majority of australians believe solar power equipped homes are more valuable than those relying on traditional means of electricity. Having a solar panel system installed is one such way to save. A home that uses the power of the sun to produce electricity reduces the need for burning fossil fuels which emit greenhouse gases like carbon dioxide co 2.

A solar panel installation in sydney is not only an investment in the future of the planet and sustainable energy but also a direct measurable investment in boosting your home s market price. When we look at pools in some cases a pool can actually reduce the value of your home but with solar panels that is unlikely to happen.