Installing solar panels can have a positive impact on the value of your Melbourne home. Solar panels are increasingly seen as a desirable feature for homebuyers, as they can provide significant cost savings on energy bills and demonstrate a commitment to sustainable living.
According to a study by the US Department of Energy’s Lawrence Berkeley National Laboratory, homes with solar panels sell for more than those without. The study found that, on average, homes with solar panels sold for around $4 per watt more than homes without, which translates to a premium of around $15,000 for a typical 3.6 kilowatt solar system.
In addition to increasing the value of your home, solar panels can also make it more attractive to potential buyers. A study by realestate.com.au found that properties with solar panels received more views and sold faster than those without, suggesting that solar panels can be a valuable selling point for homeowners.
It’s important to note, however, that the impact of solar panels on the value of your home can vary depending on a range of factors, including the location of your home, the size of the solar panel system, and the prevailing market conditions. It’s also important to ensure that your solar panel system is installed and maintained by a qualified and reputable installer to maximize its potential value.
Overall, the installation of solar panels can be a smart investment for homeowners in Melbourne, not only in terms of energy savings and sustainability but also in terms of increasing the value and appeal of their property.