Making the switch to solar does a lot more than just lower your monthly electric bill. On average, using solar can boost your home’s value. A 2019 Zillow study1 found homes with solar sell for an average of 4.1% more than homes without solar. That means an additional $20,500 of value on a $500,000 home.
Homeowners often have a long list of improvements they hope to make, usually with the goal of increasing the value of their home. In today’s real estate market, smart homeowners, real estate agents and potential buyers understand the value of a solar powered home.
Using one of our solar installers in Utah means you can recoup the initial investment of moving to solar panels through tax incentives, lower energy bills and the added value to the home when it comes time to sell.
If you’re looking to increase your home’s long-term financial value and lower your monthly electric bills, SunPower by Custom Energy is the top solar team that provides the highest quality solar installation and repair services at the greatest value.
When preparing to buy a home, prospective buyers take the monthly cost of utilities into account. Solar panels add to a home’s long-term value and lowers monthly cost of electricity bills, making it an appealing upgrade to buyers.
More than 80% of buyers say solar power is important to them2. When taken into account with additional incentives, solar can quickly pay for itself. Using Utah’s highest rated solar panel is a smart home upgrade that can add great long term value to your home.
The value of a home with solar can vary depending on a number of factors, including:
If you’re considering adding solar panels to your home, it’s important to understand all the factors that go into the cost and if it will be a worthwhile decision. Before contacting the installers, you may find yourself asking if your roof is sunny enough, comparing energy costs, and wondering how the initial cost of installation can be offset.
The good news is that solar panels are an increasingly popular and efficient way to upgrade your homes. Not only will you see benefits, but solar energy can be a big incentive for future buyers. With tax incentives, lower monthly bills, and the added selling power of a solar-powered home, the cost of installation can be recouped.
Selling a home with solar panels comes with added advantages:
Every part of your SunPower Equinox® system is designed and backed by one company. It’s the best warranty you may never have to use.
SunPower stands behind your entire system
No receipts, no hassle
Panels warranted at an industry-best 92% power in year 25
First and only AC system-wide warranty, which includes solar panels and microinverters.
25 years for everything on your roof (including panels, microinverters and mounting)
10 years for everything not on your roof (including monitoring hardware and storage)
Get peace of mind with the only home solar warranty to cover your whole system (not just the panels), so you never have to wonder which company you can depend on.
Not only does SunPower offer the most complete system warranty for solar in Utah, there are even more reasons SunPower by Custom Energy is the best solar company in Utah.
The value of solar to potential home buyers becomes clear when you consider the potential to lower one’s monthly bills. If two homes were identical, but one had the power to eliminate the hundreds spent on electricity each month, buyers are more likely to pick the home without an electricity bill.
Not only does the home have the potential to save thousands a year on electricity bills, but switching to solar is better for the environment by reducing the home’s carbon footprint and protecting against the impact of utility rate increases by creating your own power.
Adding solar to your home can greatly increase the selling potential and appeal of your home.
While the length of time home with solar stay on the market can vary around the country, new research shows solar energy installation can help your home sell 20% faster than homes without solar panels.
Since solar panels don’t require a lot of maintenance and lower utility bills, a home equipped with solar panels appeals to many buyers.
You may be considering adding solar panels to your home as a long-term investment, and while solar can be a great financial investment in the long run, it can also add immediate value to your home.
If you’re looking to sell your home faster and for a premium, solar panels can still be a worthwhile investment. Not only is it a great clean energy investment, but switching to solar can act as an incentive for homebuyers by offering:
One study from the National Bureau of Economic Research found that, on average, buyers gave a 4% premium to homes equipped with solar power.
With the rising popularity of solar panels across the country, many homeowners want to ensure the safety of their investment. Homeowners may wonder whether or not their solar system will be covered under their insurance policy. While homeowners insurance generally covers damage to solar panels and theft of the panels, there are some exceptions to this. Coverage specifics depend on the insurance policy and the type of damage or loss that has occurred.
If you are considering installing solar panels, it is important to talk to your insurance company to understand what is covered and what is not. You'll want to ensure that you have adequate coverage for your panels. By taking these steps, you can help protect your investment and ensure that you are covered in the event of damage or loss.
Solar panels are a great way to increase your home's long-term financial value and lower your monthly electric bills. Get yours installed today by the top solar team in Utah. SunPower by Custom Energy provides the highest quality solar installation and repair services at the greatest value. Contact us today to request a free in-home evaluation!
Making the switch to solar panels and energy is a big step with great benefits. A solar-powered home offers immediate and long-term benefits to both the current homeowner and future buyers.
If you’re considering making the switch to solar and increasing the value of your home with solar panels, SunPower is the solar provider of choice for organizations and homeowners nationwide. SunPower by Custom Energy is the choice for Utah residents searching for the best solar installers in Utah.
SunPower by Custom Energy is committed to total satisfaction and walking you through the steps to going solar.
Call us today or submit a request here to get started!
1 “Homes With Solar Panels Sell for 4.1% More” Zillow Economic Research - Analysis of listing descriptions and sales transactions between 3/1/18-2/28/19. Comparison values made in New York, NY, Orlando, FL, San Francisco, CA, Los Angeles, CA and Riverside, CA. Actual impact on home values will vary.
2 “Homes With Solar Panels Sell for 4.1% More” Zillow Economic Research - Analysis of listing descriptions and sales transactions between 3/1/18-2/28/19. Comparison values made in New York, NY, Orlando, FL, San Francisco, CA, Los Angeles, CA and Riverside, CA. Actual impact on home values will vary.
SunPower is the solar provider of choice for the world’s leading organizations and discerning homeowners. SunPower by Custom Energy is proud to bring this same solar provider of choice to the local residents of Utah as the top Master dealer of SunPower in Utah!
Better Business Bureau*
Five-star reviews on ConsumerAffairs*
U.S. government installations
With SunPower® solar on their homes
*As of November 2020.