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Do Solar Panels Increase Home Value?
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At Moixa, we are committed to providing a thorough product and service to our customers. That’s why we have decided to put together this handy guide that fills in some of the missing information you might be searching for before making a decision on whether to purchase a solar panel system. Quite often we will be asked by prospective customers ‘how do solar panels affect house prices?’ and we are keen to impress that they do have a positive impact on the valuation of property in the majority of cases. There are, of course, several reasons why the installation of solar panels at your home is a good thing.
Over recent years, we’ve assisted over 1,000 customers with solar panel system installation, including the Moixa Smart Battery as standard. Our customers are happy as they see an immediate decrease in energy bills, reduce the carbon footprint of their home and have access to solar power 24 hours per day due to the impact of the solar battery that charges during the day for use at night. Add to that the fact that with the Feed-in Tariff option, our customers are also making money by selling surplus electricity back to the National Grid. If we’re asked do solar panels increase home value in the UK, we would suggest that in many cases it does.
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To understand how solar panels can impact on the value of a house, we must look at it from a few different angles. The first major reason that the value of your home will increase due to the installation of solar panels is that of the price of energy itself. Over the last few years, energy bills have continued to rise, and there is no sign that this is going to slow down or reverse any time soon.
On day one of solar panels being installed your home might see an average saving of 60% on energy bills and depending on the type and size of system you choose from Moixa, including your ideal Moixa Smart Battery option, expected average savings could be between £425 and £680. This is very enticing to prospective buyers when it comes time to sell your home. Secondly, not only do solar panels offer lower energy bills for a property, they are extremely easy to look after. Maintenance costs are extremely low, and they will only have to be cleaned once (maybe twice) a year, if a professional team properly installs them.
Solar panel installation will also help increase your property value by helping to raise the grade of the EPC (Energy Performance Certificate) linked to it. Every single house in the UK has to have a valid EPC, with grades ranging from the highest (A) to the lowest (G). Solar panel installation can improve a rating by as much as 2-grades, which in turn can add real monetary value to a property.
If you wish to sell your home, and you have paid for solar panel installation in the past few years there are a few tips you should consider. The benefits of selling a home with solar panels really depends on the age of those solar panels. Your home will appeal more to prospective buyers if they can take advantage of the Feed-in Tariff payments for a number of years, as well as the warranty that the solar panels and solar battery will have when you purchase from Moixa. This gives the buyer peace of mind that should something go wrong they will not be burdened with a cost for fixing something that the seller signed up to.
So, when it comes to a definitive answer on ‘do solar panels increase home value (in the UK)? ‘ it is difficult to say for sure in your exact case, but there are certainly plenty of factors that indicate that many potential buyers would be attracted by the idea of an in-built renewable energy source that saves them money, and may be willing to pay more for the property because of it.
If you would like to find out more about the Moixa Smart Battery and solar panel systems, head to our Contact page. We’ll be happy to take the time to chat about your specific energy requirements, putting forward a bespoke quote based on your details.
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*based on an average 3.5kw system in Brighton, south facing, 40-degree pitched roof, with no shade and using national grid PLC statistics on energy power plant carbon intensity. A combination of solar savings, feed in tariff, GridShare cashback payments.
** Gridshare is Moixa’s unique membership scheme that pays you £50 per year for the first three years of joining, if you make spare energy available for trading at peak times in the future.
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I know we’re going to be saving money on our electricity, but it’s also the peace of mind knowing that our family is taking small steps to improve our environmental footprint. You can’t put a price on that!
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Installation process was very straightforward. Installers were really efficient, professional and clearly knew what they were doing.
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