Solar panels are an asset and have many benefits for homeowners. If you’re planning to, or have already reaped some rewards from installing PV (photovoltaic) panels, you might be interested to know how it impacts you when the time comes to sell.
If you were looking to buy, and the idea of buying a home with solar panels is attractive to you, it’s likely to be attractive to other. This suggests it only serves to increase your home’s value and therefore makes selling it easier. But, rather than rely on gut instinct, let’s look at the pros and cons.
The Pros
They can improve your BER rating
BER stands for A Building Energy Rating and is a certificate that indicates your home’s energy performance. That performance is rated on a scale of A-G with A being the most efficient and G the least. The better the rating, the lower the energy bills will tend to be. Having a good BER certificate will increase the value of your home. Installing solar panels can improve your home’s energy efficiency resulting in a better BER rating.
Offer lower electricity bills
if installed correctly and used wisely, solar panels will positively impact your bills while reducing your reliance on the main grid. In addition, you will now be able to sell any excess electricity back to the grid thanks to the MSS scheme.
It’s a green, renewable and sustainable energy source
It’s a sustainable, noiseless and green free energy source. Once the technology has been invested in, everything you produce is free and gets a big tick for reducing your carbon footprint.
The work is done
If you’re selling a home with solar panels the work is done. This saves potential buyers the time and money it takes to research, apply for funding, find reputable installers and undertake a substantial home improvement that they might have already wanted to invest in.
The Cons
The system is old
This is really the only point where we find fault. Panels could prove problematic if the roof needs repairs and the panels have to be removed and reinstated which could be an additional and unexpected cost for potential buyers.
It’s unlikely to be an issue at this point in such a young industry, but if panels were close to the point of turning 25-30 years old buyers might see them as something that require replacement and upgrading.
So, Are Solar Panels A Selling Point?
In Caldor’s eyes, yes. To the majority of homebuyers, yes. They create a host of benefits that can’t be overlooked. Lower bills, increased home value and a smaller carbon footprint, what’s not to like? If you’re the proud home owner with a PV system, this should act as a motivating factor to keep on top of routine and consistent maintenance.
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