Arizona Solar Electric: Effect Of Solar Panels When Selling Homes
When a homeowner considers whether or not an investment in solar panels is right for them, they typically don’t consider the impact that solar panels have when one is selling a home. As a matter of fact, if homeowners fear that they may sell their home within a few years, they think an invest in solar panels would not be a wise choice. However, Arizona solar electric experts state that solar panels can actually have positive benefits for homeowners when they sell their homes.
More than ever, Arizona solar companies believe that home buyers seek out green and energy efficient homes. Homes with solar panels are incredibly attractive to home buyers. Arizona solar electric officials state that this is because they know the home will save them money and have increased property value.
When solar panels are installed on a home, its value increases by 15 to 20 percent. In addition to this, homes with solar panels have fixed energy rates which means that the homeowners save more and more money on electric bills every year. Energy rates have gone up by approximately 6 to 7 percent nationally every year, and quality solar panels have 25 year warranties. Arizona solar electric authorities state that this means the home will have a fixed energy rate for 25 years, while homes without solar panels are subjected to yearly energy rate hikes.
There is also lots of evidence that shows the trend of home buyers seeking out and paying more money for green homes. McGraw Hill conducted a study which showed that home buyers pay approximately $18,000 more for green and energy efficient homes. Along with this, the U.S. Department of Energy’s Office of Energy Efficiency & Renewable Energy point out that homes with solar panels actually sell two times fast than homes without solar panels. And the U.S. Department of Housing and Urban Development released statements saying that homes with solar panels “attract attention in a comparative market.” All of this is stuff that Arizona solar electric officials say is worth thinking about.