A Good Reason to Install Solar Panels
With environmental matters becoming ever more important each day, renewable forms of energy are becoming more popular. Solar panels are not only used by businesses looking to do their part for the environment, but they can also be spotted on the tops of houses everywhere as individual homeowners seek to make use of green energy. We all know that the use of solar power is much kinder to the environment than fossil-fuel based electricity. Solar panels can also help homeowners save money by cutting down on their energy costs. In addition, another good reason to install solar panels has just been discovered.
A study undertaken by the Lawrence Berkeley National Laboratory has managed to prove that solar panels on your roof may increase the value of a house and help it to sell more quickly than usual. Slingshot Power, a California-based solar power company, has been citing this study in an attempt to inspire more homeowners into making use of solar power. The study took place across eight different states over an eleven-year period. Over 20,000 home sales were investigated by the teams at the Lawrence Berkeley National Laboratory, and their findings showed that people tended to be more comfortable spending higher amounts on homes with solar power systems.
The specific results of the study showed that a home’s value could be increased by up to $15,000 thanks to the presence of solar panels. In general, buyers were much more inclined to spend extra money on these sorts of homes than those without solar power. As one would expect, people were more willing to pay extra if the solar system was larger. The team behind the study discovered that solar panels will increase a home’s value by around $4.00 per kilowatt. Therefore, it’s easy to see that the average homeowner has a great new reason to install a set of solar panels on the roof of their home.
In addition, the study also showed that homes with solar panels sell 20% faster, on average, than homes without them. The housing market can be particularly competitive and homeowners can often be forced into waiting excessive amounts of time to sell their homes and even having to lower the price several times in order to make the sale. Fortunately, solar power systems might be the answer to these problems as they will not only boost your property’s value but also hopefully help to make the sale process go much more smoothly.
The price of electricity will continue to rise as time goes by, especially as the world gradually begins to run out of resources and more people are forced into using green energy. Now is the ideal time to install a set of solar panels on your home, and you also have more great reasons to do so than ever before. If your home has a solar power system then it is much more likely to sell faster in the future and at a higher price.