According to research done by the National Renewable Energy Laboratory, your home’s value will increase by $20.00 for every $1.00 in energy bill savings due to a solar power system serving The Villages . If you choose to invest in solar panel installation in an area that doesn’t have many houses that operate on solar energy, your home’s value may increase even more. Larger homes that use a solar power system will generally see a bigger boost to their property values than smaller homes.
While the increase will vary from home to home, on average, homeowner’s have benefited from an increase in resale value of $5,911 for every kilowatt of solar panel installation. As the cost of electricity and gas increases, the advantages of using renewable energy sources will rise proportionally.
Solar panel installation can also help your home sell faster than it would otherwise. Homes with solar panels typically sell 20% faster than homes that don’t have a solar power system. Overall, investing in solar energy for your home can yield a 200% return, and you will begin enjoying the benefits of those returns on the first day of your solar panel installation.