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How Solar Panels Increase the Property Value
posted at 2021-05-05
How solar panels operate
Solar companies usually outsource the installation to third-party contractors for both residential and commercial projects. These installations have many key factors that help the solar panels run efficiently in homes. For example:
- Battery storage: Due to high energy consumption and increasing natural disasters, blackouts are common. In the summer, many people lose power for at least a few days. Solar energy relies on batteries, which can be charged until sunset and used during blackouts.
- Net Energy Metering: Electric grids can store excess energy from residential solar panels, which is then shared with other homes around the neighborhood, in return for financial credits.
Property value benefits
Solar panels help the environment and keep the world safer from excessive greenhouse emissions. Americans spend the majority of their time indoors and their health depends on the indoor air quality of the buildings. Keeping homes safe from poor indoor air quality due to excessive energy consumption is necessary for a healthy livelihood and solar energy could play an essential role in that. For places with water scarcity, such as California and many other places around the world solar panels are beneficial because they are emissions-free and do not require water to function.
Homes with solar panels are seen as energy-efficient, meaning lower utility costs long-term, which draws additional attention from potential buyers, bumping up the home's value. Homeowners can also deduct their solar installation costs from their federal taxes, which can be significant for many families living on a budget.
Many have seen great differences after investing in solar energy. Some have even seen their home value increase up to $30,000! Speak to solar professionals in your area to get a quote and find out how much solar power could increase your home's value.
Categories: General
