Solar panels are in investment in terms of energy savings, but what about their impact on the value of your house? As solar panels can have a lifespan of over 20 years, this is something to seriously consider. Property values are widely talked about these days, but no so often in the context of green energy.
If you have plans to move when your current property has solar panels, then the good news is that feed-in tariffs can be automatically be transferred onto the new occupant. So, more often than not, the investment in installing solar panels is returned by increased sales value, if you play your cards right.
Here is a checklist of things you can do to maximise the value of your property in regards to its solar panel installation by informing potential customers of the benefits:
- Meet with the estate agent and give them as much information as possible, make sure they are fully up to speed on the financial benefits of solar panels.
- Keep copies of electricity bills, so potential buyers can see the savings for themselves.
- Feed in Tariff (FiT) statements – make sure you have these at hand to show buyers the lower energy per kWh they could be enjoying.
- EPC (Energy Performance Certificate) charts – Make sure both the interested party and the estate see these. Solar panel installation can bump up your property’s EPC rating by two grades. One study claimed that could raise the value by £16000.
If you make sure your home’s new owner and estate agent are informed on all the benefits of solar panels, and effect on property values with the correct documentation and evidence, then you could see a return on your investment, before the end of your solar panels lifespan.
If you’re interested in domestic solar panel installation, get in touch with us today.