Most people are aware that solar panels can drastically reduce electricity bills.
But few realise solar power can actually boost your home’s value as well.
The question is whether the increased property value outweighs what it costs to invest in solar energy?
Like property owners prepared to invest thousands of dollars in renovating their kitchen or extending their bedroom to include an en-suite, getting solar is proving to be a smart investment for Australian homeowners.
Numerous surveys in recent years have found find that more than 85 percent of Australians believe solar panels add appeal and value to a property.
As demand for green living continues to grow among conscientious Australians, a solar-powered home offers a huge tick for many homebuyers.
The other factor is the increasing cost of traditional electricity. The more expensive our power bills get, the more eagerly Australians start looking for more affordable alternatives. Purchasing a solar-powered home becomes a very enticing prospect.
The answer to this question ultimately boils down to the size, quantity and output of the solar panels you choose to have installed.
The greater the output of your solar system, the more valuable it is.
If your solar system is producing more electricity than what a typical household consumes, then it can actually earn you profits in the form of Feed-in Tariffs (FiT) and other incentives.
There’s great value in a home that makes its owners money just by contributing excess energy back into the grid.
Whether you’re an owner-occupier or an investor, there are numerous potential benefits to investing in solar energy for your property.
“Most homeowners worry about rising electricity bills so we create custom solar plans to ensure you never face outrageous bills ever again.”