Solar Power: Increase Your Home's Value

Do you want to boost the value of your property? Solar is a lot more than an attractive accessory. Solar panels tap into renewable and free sunlight to product electricity to power your household appliances and lights. These sun-powered panels are guaranteed to raise the value of your property. A recent study found that sun-powered panels increase the resale value of both old and new houses. If you want to make the value of your property skyrocket, switching to sun-powered energy is the way to go!

It is worth noting that most home renovation options are subjective. For instance, you may have upgraded to stainless steel countertops this year, but when you put your house on the market, you find that many potential buyers prefer granite. Sun-powered panels are a viable investment -- much better than a bath or kitchen remodel. They provide value to home buyers and save them money in energy costs.

Many homeowners are taking advantage of the equity benefits and energy conservation of sun-powered panels. In 2007, the number of sun-powered panel installations increased by 45%. This number is expected to increase, as rising energy prices have homeowners considering alternative energy sources. With sun-powered panels, the value of your property will keep increasing over time as electricity prices rise. The higher electricity prices get, the more house hunters are willing to pay for sun-powered houses.

New homebuilders are starting to put sun-powered panels on new houses because they are realizing how important it is to reduce energy costs. Sun-powered panels offer 15 to 20 years in energy savings. By installing sun-powered panels, you'll see an immediate reduction in your monthly power bills. Saving on your monthly energy bills means that you'll have more equity in your house. Research shows that for every $1 saved in energy bills, the value of a house increases by $10 to $25.

Installing sun-powered panels on your property can offer other financial incentives as well, not just a higher property value and lower energy bills. The federal government offers a tax credit for most people who use solar power. You can use these savings for other energy efficient improvements. On average, tax rebates typically cover about 30% of the sun-powered system cost. Contact your local representative for further details.

If you plan on selling your sun-powered house in the future, make sure you tell your real estate agent what your panels are worth. Jot down the figures and facts available. Review your electric bills before and after you install the panels on your property.

You can use sun-powered panels to market your property as a "green" house. If you want to market your home more effectively, you should consider adding a few more energy efficient features. These sun-powered panels will set your property apart from every house on your block. They will also give your house a modern look. If you install these panels, you will sell your house twice as fast as other non-solar houses. You could be the only person in your neighborhood that offers the energy efficiency of solar panels!