As construction booms across the state of Utah, many builders are offering a variety of solar options in their new builds. Some are offering it as a way to go more green. Some are offering it as a way to edge out the competition with more technology and value in a home. Some are just trying to get ahead of the game, knowing that most homes will be running on solar energy within the next decade or so. But what does solar actually mean for your home?
The initial push for solar is that it is a cleaner, and totally renewable source of energy for any home or business. It’s incredibly quick and easy to begin harnessing the power of the sun for your home’s needs. The idea is that eventually you will eliminate the need for any outside power or energy at all. However, if you’re not also very impressed with the environmental impact, the savings of your power bill against the up front costs of a solar system can seem counter-intuitive. It’s important to know the other value you’ll get with a solar panel system.
Adding solar to your Utah home or business will automatically and without fail add value to your property. Your home is already an appreciating asset, growing in worth and value the longer you own it. Wouldn’t it be nice to add even more value to that bundle? Solar energy modernizes your home, shows an investment, and means fewer upgrades, less work, and smaller utility bills for any potential buyer. This translates directly into purchase price.
It can be strategically advantageous for you to add solar panels to your home if you are considering a future sale at some point. For one, your home can list higher and be worth more than other homes in the area if you’re able to offer the updated solar panel system that others cannot. The future will be solar panel systems on every house, so if buyers can purchase a home with already existing solar panel systems it will be much more motivating on the market.
Another thing to consider is the timing of your solar panel placement. The sooner you purchase solar panels, the sooner they’ll be paid off. Between rebates, tax incentives, and a competitive financing plan, you can get reasonable monthly payments on your solar panel system. Once your solar panel system is paid off, you begin making money on it every single month. The longer you’re able to make money off your solar without a utilities payment, the greater your savings will be – and then when you do eventually sell your house you’ll make well above the purchase price of your solar panel system in the first place.
So the answer is yes – solar panels will increase the value of your Utah home, and you should call Solar Power Utah today for a free consultation.