Will Installing Solar Panels Increase My Home’s Value?

October 23, 2019

Residential solar energy systems have risen in popularity over the last couple of years. Equipment and installation are more affordable than ever. Homeowners are discovering that an initial investment in solar energy can yield savings in the long into the future. Besides the obvious energy savings, does installing solar panels on your home increase its value?

 

The short answer is yes, they certainly will. According to a 2019 analysis by Zillow, homes equipped with a solar power system sold for an average price 4.1% higher than comparable homes without solar power.

 

With the financial benefits solar panels can bring, it makes sense for homeowners to at least research what is the best solar energy company.

 

In this article, we’ll go over some roof-related matters you should look out for before searching for and deciding on a solar energy installer.

 

Can Your Roof Be Modified?

 

The first thing you must do is to check your roof warranty. Certified solar professionals should be able to install solar panels without causing any damage, but you must still check the warranty to prevent voiding any coverage.

 

Since the roof is the supporting structure for most residential solar energy systems, it makes sense to evaluate whether it’s in tip-top shape. Homeowners should schedule an appraisal with certified professionals to guarantee the roof is up to snuff.

 

Thankfully, most modern solar power systems come with mountings and brackets that do less damage to the structure. They’re also smaller than they used to be, causing less of a strain as well.

 

Is Your Roof Too Old?

 

The National Association of Home Builders found that shingled roofs tend to last between 20 to 25 years, depending on the material and weather conditions. Solar panels, on the other hand, typically come with 20-year warranties, which means that you’ll need a roof that can last at least as long as the panels are staying up.

 

Consider installing a solar energy system only if your roof won’t need to be replaced within the next 10 to 15 years, more or less.

 

Checking Your Roof’s Capacity

 

Solar energy companies will send installers to check the roof's pitch and slope in their efforts to determine the optimal placement of the system. Installers also check the size of the roof and asses the sun-facing direction of the structure. This way, they may determine the number of solar panels that will be required to produce the energy that runs your home.

 

The Financial Aspect

 

After determining if your physical location can hold a solar energy system, you must evaluate the financial feasibility of such a project. Even with affordable options and financing, going solar still requires an investment of thousands of dollars.

 

It's crucial that you calculate whether the expected energy savings and added home value offset the high costs. Look for government incentives and tax breaks to help ease the financial blow.

 

By being aware of these concerns, you can reap the benefits of going solar: saving energy and adding value to your home.

 

For more on this topic, visit https://www.consumersadvocate.org/solar-energy

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