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To answer the question, yes, solar panels increase home value in the UK. With the increasing demand for properties with sustainable energy solutions, homes with solar panels are selling more and faster. In this guide, we will walk you through how and why installing solar panels increases a home’s value.
If you also wish to increase your home value by investing in solar panels, we can help you get started on your sustainability journey.
To install the best solar panels in your home, you will need solar experts who can assess your unique situation, tell you how many solar panels you need, and offer you the best advice. However, finding reliable solar experts by scouring the internet for hours and calling numerous people can be a tiresome task.
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So exactly how much do solar panels add to home value in the UK? The value addition by solar panels differs by country in the UK, according to a study done by Solar Energy UK. Overall, solar panels can increase the value of a house anywhere from £866 to £4,787 in the UK.
Recent projections for property value increases across various UK regions. The adoption of solar panels in Wales is expected to lead to the most significant increase in property prices, with rises ranging from £2,310 to £4,787. Meanwhile, London shows a potential growth of £1,050 to £3,053.
In the Midlands, values are likely to increase between £1,891 and £2,722, while installing solar panels in Northeast Scotland is projected to raise of property value from £1,815 to £2,765. The Southwest of England predicts an uplift between £866 and £2,156.
Finally, adoption of solar panels in Northern Ireland is expected to increase property values from £1,171 to £2,545.
So, are solar panels with it? Everyone from the government, to environmentalists to homeowners like you think so. In support of the UK government’s net zero by 2050 initiative, homeowners are increasingly focused on reducing their carbon footprint.
Solar panels offer a sustainable and financially beneficial solution, making these homes more appealing to buyers. The advantages of solar panels, which also contribute to the increased property value, are listed below in detail:
Houses with solar panels generally tend to sell faster than houses without solar panels in the UK as the property market is increasingly favouring houses with sustainable energy solutions.
While there is no official study directly stating that houses with solar panels sell faster in the UK, they do have an increasing demand. Houses with renewable energy solutions, such as solar panels with solar batteries, are more attractive to potential buyers.
In conclusion, do solar panels add value to your home? Definitely. Solar panels increase property value by 6.2%-6.8% and cut your yearly energy costs by around 27%. They are a great long-term investment, with lifespans of 20-30 years before significant degradation sets in. You can cover the cost of solar panels in around 8 years and also make use of various government grants to cover the costs.
Apart from the financial incentives, solar panels improve the Energy Performance Rating (EPC) of a property. Moreover, the UK weather is perfect for installing solar panels as the UK gets as much solar energy as a Mediterranean region.
Now if you wish to invest in your future and install solar panels, it is important to do it with the help of a trustworthy installer. You do not have to worry about spending countless hours finding a reliable local solar installer, as we can help you with that.
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Houses with solar panels are valued at 6.2%-6.8% more than houses without solar panels.
No, it is not, as homes with renewable energy solutions are in demand. In fact, houses with solar panels sell for more than houses without solar panels in the UK.
Installing solar panels will be a great long-term investment. They are a sustainable source of energy production and offer energy savings, which could increase your home’s value over the years.
Anjana has a knack for simplifying complex concepts in an engaging way. She has a background in digital journalism and is committed to delivering impactful content about sustainability and solar energy.
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