The single most important question regarding home solar installation is, does it save me money? And through countless studies and reports, the answer is a resounding yes. When a homeowner is considering making the switch to going solar, they often look to the money they’ll save on utility costs, and powering their home, but solar can provide yet another financial benefit. Increasing your property value.
Solar Can Boost Your Home’s Value by 4%
A study done by Zillow, found that the average household value increases by $9,274 when it has a solar PV system installed. This provides an insight into the growing demand and popularity of home solar systems and gives us a sign of the increasing desire to save on utility costs. This evidence shows home buyers understand the value that solar brings, and are willing to pay extra to have solar installed in their home.
Florida Ranked 6th in US for Best Return on Solar
CNBC released a case study that ranked Florida 6th in the entire country for the highest solar premiums, finding that the average home with a solar PV system installed, sold for 4% higher than homes without. This reinforces the fact that a home solar system doesn’t stop saving you money with monthly utilities, but also increases the overall value of your home. With the current median home value in Florida, that’s almost a $10,000 increase in property value.
How To Take Advantage of Solar
If you’re curious about learning more on how to increase the value of your home, visit our website at regionsolar.co. Our family owned business has been growing our solar community in Sarasota and Tampa Bay since 2007. Our focus is making the process as simple and affordable as possible by providing you the education and resources to make the best decision for you and your family when considering going solar.