Do solar panels help sell your house?
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.
£600 a year for £12000 set of panels would repay in 20 years just from the feed in tariff!
But you would have the same amount in savings from your energy bills, so it would repay in just 6 years and then you would enjoy £600 tax free and index linked for 14 years!!!!!!!!!!
Then lets try and find some negtive, what if you need work on your roof?
firstly the panels would protect the roof as they would take the wind and rain before it even got to your roof, Before the panels would be fitted it would have to be checked that it is in good order to take the panels…
But in the very strange case that your roof did need to be repaired, you could at least use the money from the panels to cover the costs!!!!!!!!!!!!!!!
A common mistake to presume that energy pricing will stay the same over 25 – 30 years. Energy industries own predictions point to a two grand average annual energy bills by 2020 or 3 grand by 2030.
As the article points out, people are will to pay more and find your original price more appealing with solar panels installed.
I certainly wouldn’t want to live in a house with an alternate energy source from the years 2015-2020 onwards.
Which makes homes with this technology premium, prime and much sort after.
Hi
Cant see how this works. ok £12000 for panels lets say with a return of about £600 a year offset that against having that £12,000 in the bank and your talking 50yrs just to recover the £12000 which of course wouldnt be worth £12000 then. I can buy an awful lot of electricity for £12,000. Then what happens if you need a roof repair
Hi Sue
This will have to be arranged with the new owners if they are OK with someone else’s panels on their roof.
If you sell the house with panels included then you can sell at a higher price and more likely to get the sell quicker than a house without solar ready installed.
I am thinking of investing in solar panels on my roof which will cost about £12,000. I am also thinking of selling the house in a year or two. Will i still be able to recieve the income from the solar panels or will this revert to the new owners
look forward to your reply
sue