Installing PV solar panels has had an unexpected benefit. Solar panels do make a house more desirable to buyers.
PV increases the value and sell-ability. This applies if you install the solar panels yourself. Companies that offer free Photovoltaic solar panels will have the opposite effect.
PV solar panels will quickly become a white elephant is owned by a third-party. Estate agents have seen properties with solar panels installed selling for up to 5-10% more than those without.
Why do solar panels make a difference when selling? Since the introduction of the feed-in tariff in April 2010, installing PV solar panels is regarded as one of the most secure and government-backed investments.
Firstly, there are the savings made on energy bills through self-generation. This is a fantastic selling point, especially when working alongside battery storage.
An average property with solar technology is always going to outshine the competition.
When selling, pitching to potential buyers is so easy because they’ll already have paid the capital investment of installing them at the point of purchasing the house. If they buy, they will get the benefit of cheaper electric bills and also, 5.44p for every unit exported for the next couple of decades. Buyers would be crazy not to buy into that!
Relax and enjoy the benefits of your solar panels, but if you do decide to move, then they will help sell for an additional premium.