Howdy folks! As your local solar installers with over 15 years experience, we get asked constantly – does adding solar really build equity and value in your home? The answer is a resounding yes! Installing rooftop solar panels is one of the smartest investments you can make in your home. Between the electric savings, power independence, and increased home value, the investment will be well worth it.
Here in North Texas, solar systems add an average of $15,000 to $30,000 in home value right off the bat. But why does going solar boost your equity so substantially? Here are a few key reasons:
The Top 3 Reasons Going Solar Boosts Your Home Equity:
First, rooftop solar is an investment into valuable, power-producing equipment that is a part of your property. While the equipment’s fair market value adds considerable value to your home through tangible equity, its ability to produce power also adds intangible value to your home. With a photovoltaic system installed, you can more affordably consume electricity which can result in 10’s of thousands of dollars of lifetime savings. Those savings are passed along to the next homeowner when you sell your home, therefore commanding a higher price than a home without solar installed.
If you choose to couple your solar panels with a battery backup system, this also adds value to your home’s equity in part thanks to the equipment’s fair market value, but also through the peace of mind that backup power is available in the event of a power outage. In Texas, with the 2021 winter storm still fresh in mind, and recent heat waves stressing the grid, many potential home buyers see added intangible benefits from having a backup power source from the batteries. Cha-ching, your home value is rising!
Second, rooftop solar dramatically increases your home’s appeal to buyers. Surveys consistently show 87% of home purchasers actively look for houses with solar already installed. Savvy buyers understand the value of inheriting panels that will hedge against rising local energy costs for decades to come.
Going solar proves to buyers you’ve invested in an upgrade that adds lasting value. In fact, homes with PV systems sell on average 20 days faster and for nearly 5% over comparable houses without solar power. By investing in solar, you make your property far more desirable.
Third, adding solar panels significantly boosts your home’s overall market valuation. In the Texas market, installing a 10 kilowatt system increases home value by approximately $28,000 on average. Meanwhile, after incentives, that system may have only cost you $15,000 to purchase and install. That means you’ve gained $13,000 in instant equity if you choose to make an upfront cash investment into going solar! If you choose to finance your solar system like many homeowners, then you are gaining equity in your home each month while swapping your utility bill for a lower solar payment. It’s a win-win scenario. Not to mention, the years of electricity savings on top of that equity gain. The numbers add up to an incredible return on investment.
How Solar System Size Impacts Home Value
As experienced Texas solar experts, the North Texas Solar team takes pride in designing and installing top-quality photovoltaic systems meant to provide maximum home equity improvements. We only recommend the most durable components with industry-leading warranties. We handle all permitting and oversee every detail to ensure your solar system meets the highest performance standards. We aim to optimize energy production and savings to guarantee the value-boosting benefits solar delivers. Proper solar design is also key. Bigger arrays aren’t always better when it comes to equity. We carefully size each system to match realistic household energy needs. This right-sized approach provides the smartest long-term home investment.
Solar Panels To Increase Home Value
If you’re considering investing in solar to build higher value in your property, contact North Texas Solar today for an expert consultation. We’ll crunch the numbers on your potential system size, energy savings, and home value increase. We’ll also discuss the full range of incentives and rebates to maximize returns.
Join the thousands of Texas homeowners who have trusted North Texas Solar to advise them in this investment. Please call or email us today to discuss your goals of going solar. Let our team create a custom solar solution designed for optimal savings and increased home value!
