Many people are turning to solar energy not only as a way of saving on their energy bills month-to-month, but also to increase the value of their home. Solar panels are a home improvement that can offer a great return on investment, and there are plenty of other benefits that come along with solar power.

Residential solar isn’t just for predominantly sunny places either — solar power offers return on investment in colder climates as well, which is why Idaho Falls solar is becoming increasingly popular.

Read on to learn why you should consider solar installation for your home.

Homes With Solar Are More Valuable On The Housing Market

solar system real estate

Home buyers are increasingly interested in properties with solar panel systems installed. In many cases, they are willing to pay more for a home with solar because they know they will save money on energy costs over the long term.

According to one of the most exhaustive and detailed studies conducted by the National Renewable Energy Laboratory (NREL), homes with solar panels sold 20% faster for 17% more than their non-solar equivalents.

Other studies have found that home buyers are willing to pay a solar home premium of $15,000 on average. This means that if you have a $300,000 home, installing solar could increase its value by 5%.

How Do Solar Panels Increase Home Value?

installing solar panels to increase property value

Solar panels offer a great return on investment and can help increase the resale value of your home.

A solar energy system is a significant home improvement that adds value to your property. Just like other home improvements, such as a new roof or energy-efficient windows, solar can make your home more attractive to potential buyers and help you get top dollar when you do sell.

Most homebuyers are willing to pay more for a home that doesn’t come with an electric bill, and they are willing to pay even more for a home that comes with solar panels already installed.

Solar panels also have a positive impact on the environment. They help reduce reliance on fossil fuels, which produce harmful greenhouse gases. Solar energy is a clean, renewable resource that can help fight climate change.

How Do Solar Panels Work For Your Home?

lawrence berkeley national laboratory

The solar panels you see on homes and businesses are actually photovoltaic (PV) cells. These cells are made of semiconductor materials like silicon. When sunlight hits the PV cell, it knocks electrons loose from the silicon atom. This creates an electric current that can be used to power your home or business.

Solar PV cells are usually combined into larger modules or panels. These solar panels are then mounted on your roof.

The number of solar panels you need to power your home depends on a number of factors, including the size and orientation of your roof, the amount of sunlight your home receives, and the efficiency of the solar panels themselves.

Once your solar panels are installed, they should last you for many years (25 or more) with little to no maintenance required.

How Can I Get Solar Panels For My Home?

cost of solar panel system

Contact ELIO Solar!

If you’re interested in learning more about solar panels and how they can benefit your home or business, we’d be happy to help.

At ELIO Solar, we specialize in the design and installation of custom solar energy systems. We’ll work with you to determine the best way to incorporate solar into your home or business, and we’ll provide you with a free, no-obligation quote.

Contact us to get started on solar panel installation and increase your home’s value!

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