How Installing Solar Panels can Increase Your Property Value

If you’re interested in installing solar panels on your property, you’re not alone. Solar is proving itself a reliable source of power and clean energy as we move further into the 21st Century. It’s predicted that by the end of 2021, the United States will have 3 million solar installations. 

Not to mention that installing solar panels on your property can help you reap tons of benefits of solar energy and make a profit! 

Ready to see how one change can increase your home’s selling price by over 4 percent? 

Solar Panel Mechanics

Before you decide whether you should install solar panels on your home, you need to know the ins and outs! These tips will walk you through the process.

How Solar Panels Work

To understand exactly how solar panels benefit your home, you must know how the energy is converted. The key to solar panels’ success is the electrons inside them. 

Electrons are negatively charged particles inside atoms. Atoms build up the materials of the solar panel. 

When sunlight hits the panels, the electrons begin to rapidly bounce around the atom. The excited electrons moving around create an electric current inside the solar panels. This electricity is detected by wiring inside the solar panels that then transfer the energy into your home. 

This energy is created without having to burn fossil fuels which release carbon dioxide into the air!

Types of Solar Panels

Now that you know how solar panels convert energy from the sun to power for your home, it’s time to look at the different types of panels. 

There are three main types of solar panels:

  • Monocrystalline
  • Polycrystalline
  • Thin-film

Each of these adds unique benefits for your home, depending on your energy-saving needs. 

Monocrystalline panels are made from one silicon crystal. These are more expensive as the silicon crystal is pure and unblemished, making them aesthetically pleasing. Monocrystalline panels are high-efficiency, so they are worth your money in energy savings. 

Polycrystalline panels are made from fractured silicon crystals, melded together to create a less expensive solar mosaic. The downside to these panels is that they are less efficient than monocrystalline panels. 

Thin-film panels are not made from silicon crystals like the others. Thin-film panels are made from varied materials and are a sleek option at the lowest cost. As the name implies, these panels are lightweight and less efficient than crystalline panels. 

Benefits of Solar Energy

No matter which option you choose for your home, these solar panels will increase your selling rate and provide you with clean energy. You may also qualify for federal and state rebates and incentives. 

Environmental Benefits

It’s no secret that renewable energy is cleaner than nonrenewable. Materials like oil, carbon, petroleum, and fossil fuels create sometimes toxic fumes when they are burned. These gases get trapped in the atmosphere and make our breathing air dirty. 

Polluted air contributes to things like cardiovascular and respiratory diseases. This lowers the quality of life for not only humans but plants and animals as well. 

Renewable energy sources produce no waste when used. They are also more reliable than nonrenewable sources, as they can be continuously generated. This means that if fossil fuels and oil supplies disappear, renewable sources will still provide energy. 

Monetary Benefits

Aside from the increase in your home’s selling price, solar power pays off. When you have solar panels, you no longer need to buy electricity from utility companies. This saves you hundreds of dollars each year just in electric bills. 

Additionally, there are federal and state rebate policies that give you tax breaks for producing your own energy. Plus, you can sell your extra energy to the power companies to receive more revenue. 

Though installing solar panels may have a large price tag upfront, they pay for themselves within a few years of installation. For panels that last anywhere from 25 to 30 years, your electric savings will only continue to increase. 

Solar Panels Increase Your Property Value

Because you’re the one investing the money for the solar panel installation, buyers will happily reap the benefits of solar energy. 

This means you can sell your property at a much higher rate. According to the  National Renewable Energy Laboratory, your home’s value increases by $20 for every $1 saved in energy bills from your panels. 

Your home’s value may also increase based on other various factors including:

  • Where your home is located and the demand for solar energy 
  • The number of solar panels you have installed
  • The size of your home
  • The quality of the solar panels

Though it may seem like solar panel installation is a phone call away, you’ll want to make sure you contact a quality solar installation company. If your solar panels are damaged or not installed properly, you or the home buyers will have to invest more money later on to fix these problems. 

The main reason your home will sell for more, though? 

You are providing a quality amenity that is in high demand. Buyers in today’s market are expecting to get the highest quality for their money. When you offer an eco-friendly home to the market, you will benefit. 

Modern buyers are more interested in environmentally conscious products than ever before. With solar panels, they get the best of both a clean choice and a trendy one. 

Solar Panels For Your Home

Are you ready to invest in your property by installing solar panels? Are you looking to find a high-quality solar installation company? 

Check out our website to receive a free consultation and discover why your should go solar.