Homeowners are increasingly turning to solar not only to save money and free themselves of grid dependence but also to increase the value of their homes. Let's look at how installing a solar system achieves this.
Some of our realtor clients and friends have anecdotally corroborated that our solar systems have impacted the bottom line of the home’s value. Statistically, a study by Zillow found that homes with solar panels sold for 4% more than homes without them. In 2023 the median home listing price in Austin is $641,500 creating on average about $26,000 in resale value. Higher-priced homes have seen additional resale values of up to $60,000 attributable to the on-site solar system. Adding a solar energy system from Lighthouse Solar is the only investment that pays you on day one while adding to your home's value.
Compared to other active systems in your home, A solar system is relatively maintenance-free. Monitoring the energy production and health of the system can be done from a mobile phone, and installers warranty the workmanship of the systems they install for 25 years. However many systems can last much longer.
As one of the first solar companies in Austin, we installed solar systems for the early adopters in the late 2000’s. Folks are no longer skeptical of solar power as many were back then. Nowadays, more and more people find that a well-designed and well-installed solar system adds to a home's aesthetic appeal. Homeowners looking to sell a solar-powered home should keep the system up-to-date and in good condition. Home buyers interested in a solar home should get as much information about the system as possible from the seller and, where possible, have the solar company that installed the system perform a health check.
As we head towards a more sustainable future, solar stands out as a healthy alternative to fossil fuels, a way to gain energy independence, and a financially savvy decision in the real estate world.
