The main goal you should have as a homeowner is making your residence more appealing and valuable. The best way to accomplish both of these goals is by finding the right home improvement projects. If you are looking for a home improvement project that is both great for the environment and affordable, then installing a solar power system is a great idea.
Over 2 million homes in the United States have solar power systems. While you will have to spend money to buy and install one of these systems, they are worth the investment. The following are some of the things you need to know about how solar power can boost your home’s value and what you need to consider when choosing one of these systems.
How Much Value Do Solar Panels Add to a Home?
One of the main things most homeowners want to know before investing in a solar power system is how much value it will add. While this amount will vary based on a few different factors, experts agree that solar power can add nearly $12,000 worth of value to a residence.
Not only will you be able to add value to your home with the addition of solar power, you will also be able to save money on monthly operating costs. Taking advantage of free green energy reduces your dependence on electricity grids and helps you reduce expenses. With the help of an experienced professional, finding the right solar panels to put on your home will be easy.
Factors That Affect The Value Solar Panels Add
While a solar system will add value to a home, there are certain factors that will determine how much. Knowing these factors can help you choose the right system for a maximum return on your investments.
The Overall Age of the System
Most homeowners fail to realize that the value of a solar system depreciates pretty rapidly. The older the system on your home is, the less it will be worth it. In fact, systems that are over six years old will have a nearly 60 percent drop in value. This is why you may want to think about updating your existing system if you are thinking of selling your home in the near future.
The Size of the System
The next thing factor to consider when trying to assess how much value solar power will add to your home is the size of the system you install. Generally, the larger a solar system is, the more value it will add. However, potential home buyers are willing to pay extra for any type of solar system regardless of how big it is.
With a bit of market research, you should have no problem finding and install the right solar system for your residence.
Choosing the Right Solar Panels For Your Home
Selecting the best solar panels can be challenging due to the vast number of options. Instead of rushing through this process, you need to consider a few factors before making a purchase.
Figuring Out What Type of Panels You Need
The first thing you need to consider before going out to look for a solar power system is what type of panels you want. If you are trying to save money, then roof-mounted panels are probably a better option. A ground-mounted panel will require more wire and effort to install. However, you need to make sure your home’s roof is able to withstand the weight of solar panels. With the help of a roofing professional, figuring this out will be a breeze.
Consider the Warranty
Before you choose a solar system for your home, you need to set a budget. You will also need to consider the warranty a system has. In most cases, these systems will feature a 25-year warranty. Paying more for a good warranty will be worth it considering the headaches it can help you avoid in the future.
Now is the Time to Act
Instead of talking yourself out of installing a solar system, you need to take action. With a minimal investment, you can make your home more valuable. Allowing professionals to install this system is crucial when trying to avoid long-term problems.