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Do Solar Panels Increase Home Value?

Solar Panel

A lot of people have been saying that solar power is the future. This is because in a world where the need for clean energy is increasing, solar power has the capability to change lives. But what does this mean for you and me?

Solar power is the fastest-growing source of renewable energy. The installation of a solar panel enhances the value of a home by 3% to 4% on average. Solar panels are not only a good way to save money on electricity, but they also increase the home value.

There are a lot of factors that determine the value of your home, some of them are

LOCATION

The location of your residence is a major component in determining how much value a solar panel adds to your property. This geographical factor comes to play because many different regions experience different sunlight, therefore in a place that receives ample amount of sunlight, the property value increase

THE SIZE OF THE INSTALLMENT

A larger system with more energy generation has a higher value, the size of solar energy panels, your rooftop can support is proportional to the rise in property value after installation. The quality and number of solar panels installed have a direct impact on the property value. Solar panels must have a production capacity proportional to the size of your home.

QUALITY OF SOLAR PANEL

The higher the quality of the solar panel, the better it is at converting sunlight into electricity that can be used to power your home or business. There are many different qualities of solar panels in the market today. When it comes to determining value, the panels themselves have a role. The quality of our solar panels can make a difference in how much energy we produce and how economical our solar panel system can be. There are different types of solar panels, with varying costs and prices, different manufacturers, technology, longevity, and warranty, thus, the condition of your solar panel directly affects the value of your home.

DEMAND

Customers look for solar panels and other energy efficiency upgrades when they hunt for houses, they take into account the monthly electric expenditure. If a house has solar panels it is self-sufficient in producing its own electricity, and that in itself is an attractive feature that creates demand, hence increasing the value of your home.

Are you looking to increase the value of your home? Do you want to take a step towards your own home solar power? Frittsolar prides itself to be one of the best solar companies in India, with work experience in residential, commercial, institutional, and industrial sectors, Pan India. Take your first step towards sustainability with Frittsolar.