Do Solar Panels Add Value to Your Home?

For the homeowners we recently visited on Berneshaw Close, their three-bedroom semi-detached home isn’t going on the market any time soon, but they wanted to know whether installing solar now could benefit them if they decide to retire abroad in around 10 years.

Do solar panels increase house value?

There isn’t a rule saying solar panels will add a certain amount to the value of your property. House prices are influenced by lots of things, including the location, size and condition of the home.

What we are seeing, though, is that energy efficiency is becoming more important to buyers. With household energy bills being a major consideration, a home that can generate some of its own electricity is certainly appealing. A solar panel installation Corby homeowners choose can help reduce the amount of electricity they need to buy from the grid, while also making the property more energy efficient.

Why does your EPC rating matter?

Your EPC rating is another thing worth considering. Research has found that 78% of homeowners would make green improvements to reduce their energy bills. That gives you a pretty good idea of how important energy efficiency has become when people are thinking about their homes.

There are also some interesting figures around EPC improvements. Homes moving from an EPC F rating to a C rating have been shown to see average value increases of almost £56,000, while improving from F to C could potentially increase a property’s value by up to 15%.

Now, we certainly wouldn’t tell you that installing solar panels means your home will automatically increase in value by 15%. It doesn’t work like that. But improving the energy efficiency of your home can make it more appealing, particularly to buyers who are thinking about future running costs.

What about the homeowners on Berneshaw Close?

The homeowners we spoke to on Berneshaw Close, Corby in a three-bedroom semi-detached property and aren’t currently thinking about selling. However, they may retire abroad in around 10 years, so naturally they were interested in what installing solar could mean for their home in the longer term.

They can benefit from generating their own electricity while they’re living there, potentially reducing their reliance on the grid and making the home more energy efficient. Then, if they do decide to move abroad in the future, having solar already installed could be another positive feature when the property goes on the market.

Are buyers looking for greener homes?

It certainly looks like energy-efficient features are becoming more popular. For example, property listings mentioning EV charging points have increased by 592% since 2019. As electric vehicles, solar panels and battery storage become more common, buyers are likely to become increasingly familiar with these types of features.

It’s important not to look at solar purely as a way of increasing your house price, though. The main benefit is what you get from the system while you actually live in the property.

Is solar worth considering if you aren’t moving?

If you’re planning to stay in your home for another 5, 10 or even 20 years, there’s plenty of time to benefit from generating your own electricity. That’s exactly why the homeowners on Berneshaw Close were interested. They’re not planning to put a For Sale sign outside tomorrow, but they’re thinking ahead and considering what will work well for their home over the next decade.

A well-planned solar panel installation Corby homeowners can benefit from today could therefore help with energy costs now, while potentially giving the property an attractive feature when the time eventually comes to sell.

At DNA Power Solutions, we’ll look at your home, how you use electricity and what you’re hoping to achieve before recommending anything. If you’re considering solar and want some straightforward advice, we’re always happy to have a chat.

Contact DNA Power Solutions today by phone on 01536 505720 or via our contact form to find out more about your options.