If you're a California homeowner, you're already familiar with the abundant sunshine our state receives. While it's no secret that California enjoys more sunny days than many other states, what you might not be aware of is the incredible potential this natural resource holds for your property. By harnessing the power of the sun through solar panels, you can not only reduce your energy bills but also significantly increase your home's value.
Studies Find Solar Power Adds Incredible Value to Homes
Installing solar panels is an upgrade that you can make on your home that will bring you benefits both now and down the line when you choose to sell. Once you've installed solar panels, you can start enjoying lower energy costs and a reduction to your carbon footprint. When you decide it's time to sell your home, you can enjoy an increased selling price due to your solar panels.
With ever-rising energy costs, potential homeowners are attracted to homes with solar energy as they know it will help them save on these costs. According to the National Renewable Energy Lab, your home value increases by $20 for every $1 you save on energy bills.
Another study conducted by Zillow showed that homes with solar panels in Northern California sold for approximately 4% more than homes without solar panels. Also, with the continuing growth of solar energy, installing solar panels can also help a home sell faster in the California market, which is a considerable advantage for any home seller, especially during volatile real estate market periods.
Advantages of Selling a Home With Solar Panels in California
In California's real estate market, where sustainability and energy efficiency are highly valued, solar panels can significantly boost your home's market value. Some factors that tend to influence solar energy’s added home value include:
- Region of the country
- Solar installation prices
- The local cost of electricity
- Frequency of power outages
- Understanding of solar technology
These factors make California one of the best places to enjoy the benefits of solar's added home value. Because solar energy is so popular in this area of the country, many homebuyers are already aware of the benefits. Additionally, we have some of the highest electricity costs in the nation, so homebuyers are looking for homes with solar more than ever to counteract these costs.
So, if you're selling a home with solar panels, you are quite likely to enjoy a higher selling price thanks to the value of those panels.
Go Solar With Simply Solar
Aside from increased real property value, homeowners can benefit financially in other ways when they invest in solar, including lower monthly electric bills, tax incentives, and rebates for new installations.
For more than 20 years, Simply Solar has custom-designed and installed solar panels for California homeowners. We’re the state’s leading solar installation company and are committed to ensuring your home is equipped with top-quality solar products installed by skilled professionals.
Call Simply Solar at (707) 285-7037 to request a free estimate for installing solar panels at your home in Fresno or the Bay Area.
