When making home improvements, it’s natural to wonder what upgrades are best in yielding a higher return on your investment. One of the top home improvements you should consider is solar energy. This technology not only offers financial benefits but also contributes to a greener future. West Coast Solar is proud to provide an energy-efficient and cost-effective alternative to power for homeowners in Northern California. In this blog, we will discuss how residential solar power enhances your property value.
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Increased Buyer Appeal
As people look for new places to call home, there is an increasing desire to live sustainably and purchase homes with solar panels. A property equipped with solar panels automatically stands out in the real estate market, attracting environmentally conscious buyers who will pay a premium for an eco-friendly home.
Energy Cost Savings
One of the most significant financial benefits of residential solar panels is the potential for long-term energy cost savings. This means prospective homeowners can significantly reduce their reliance on grid-based electricity. The appeal of lower monthly expenses can make your property more appealing and justify a higher asking price.
Positive Return on Investment
As you decide to install residential solar panels, your home can yield attractive returns. According to Zillow, your home can sell for four percent higher with solar panels than without them. This means that not only can you enjoy the benefits of solar energy while living in your home, but you can also recoup a significant portion of your investment when you decide to sell.
Government Incentives and Rebates
Currently, the Investment Tax Credit (ITC) provides a thirty percent federal tax credit off the total cost of residential solar systems. California also offers several rebates and incentives including Self-Generation Incentive Program (SGIP) and Single-Family Affordable Solar Homes (SASH). It’s important to note, however, that rebates vary according to the utility company and the battery storage.
Reduce your carbon footprint, save on energy costs, and enhance your home’s resale value when you choose to install residential solar panels onto your California home. West Coast Solar wants you to be confident in your home improvements so you can save money and live comfortably. Contact us today to speak to a professional.
