In 2018, the average homeowner spent between 5,000 and 10,000 dollars on home renovations and upgrades. From adding curb appeal to your yard or redecorating with new furniture, there are many opportunities to add value to your home.
With summer in full swing, now is the perfect time to add a smart home upgrade into your space. Today, one of the most popular home upgrade decisions you can make is switching to solar energy. Not only can this increase home value, but it can also save you money in the long run and help the environment.
For more information on solar panels for your home, read on for our basic guide.
1. Solar Panels Benefit Your Wallet
For many homeowners, their electric bill is one of the highest expenses each month. The average household in the U.S spends about 117 dollars per month on electricity. The good news is, switching to a renewable energy source like solar power can significantly reduce your spending.
Often, solar panels can even cut out your electric bill entirely. Solar panel systems use energy from the sun to power your home in an efficient way. While the cost of electricity is increasing each year, solar panels can help you save significant money over time.
Studies show that for every one dollar reduction in your energy bill, your home value will increase by about 20 dollars. You might also receive state or federal tax incentives from installing solar panels on your home. Depending on which state you live in, your solar tax breaks may vary.
2. Solar Panels Are More Sustainable
Today, many prospective homeowners prioritize finding a sustainable home. In fact, 46 percent of homeowners report that they’ve given serious consideration to renewable solar panels. By switching to solar in your home, you can feel comfortable knowing that the value will increase among these prospective buyers.
One of the main reasons for the trend toward more solar energy is the increasing issue of global warming. As the Earth continues to heat up each year, more people are looking for ways to reduce their carbon footprint. And as solar panels use sunlight as their main energy source, your impact on the environment will significantly decrease.
This feature alone is sure to make your home an attractive, valuable property on the housing market.
3. Solar Panels Are Long Lasting
Besides benefitting the environment and saving you money, solar panels are also long-lasting. One attractive feature of solar panels is that they need little to no maintenance, and can even last you up to 25 years or longer.
Prospective homeowners often search for homes and amenities with minimal repairs needed. Made from strong and durable silicon material, solar panels are resistant to most storms and impacts. You can feel confident that your low-maintenance solar panels will increase the value of your home.
If you’re interested in going solar in your home, click here for information on solar companies near you.
Plan Your Smart Home Upgrade Today
Now that you know the top reasons why you should go solar, what are you waiting for? Plan your smart home upgrade and increase your property value today.
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