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Do Solar Panels Increase Your Home’s Value?

homes with solar panels on top

How Solar Panels Increase the Value of Your Home

Many Provinces in Canada increasingly prioritize solar panels and solar technology for homeowners through various grants and funding programs. In Nova Scotia, some programs will pay up to $600 for each household financing to equip your home with solar technology.

Investing in a home raises whether the investment will positively impact the home’s value.

 

The question isn’t whether solar technology will improve the home value; the question is ” by how much?”

The statistics on Home Value Improvement from solar technology show a positive trend for those who adopt the technology of the future.

 

Why Does Solar Technology Increase The Value of The Home So Much? 

Solar technology is the direction many industries are heading, and it makes perfect sense for Residential Homes. The investment required to harness electricity for free is meager when considering all the benefits.

Once a home adopts solar technology, there is tremendous value in not relying solely on utility companies. The reduction in your power bill each month makes it a no-brainer!

 

How Much Will My Home’sHome’s Value Increase? 

As new technology emerges, the data changes, but in recent years, studies have shown that the value of your home could increase by up to 5%. Not only is this a way to increase the value of your home, but it also means you’re making money each month that would have gone to power companies.

 

How big of a system do I need, and how much will it cost?

The size and cost of a solar panel system depend on your home’s energy consumption and roof space. A qualified solar installer can assess your needs and provide a customized quote.

 

What maintenance and repairs are involved with solar panels?

Solar panels require minimal maintenance, typically just occasional cleaning. 


Will solar panels affect the aesthetics and curb appeal of my home?

Modern solar panels come in various designs that can complement your roof. A good installer can help you choose a system that looks sleek and integrated with your home.

 

Can I store the electricity generated by my solar panels?

Battery storage systems are an option, allowing you to use solar power even when the sun isn’t shining. However, they add to the initial cost. Discuss your energy needs and budget with a solar installer to see if battery storage suits you.

 

How Do I Find Out If Solar Is Right For My Home?

Solar technology will work for most homes—your home is probably a perfect candidate! While environmental factors affect performance, increasing solar power capabilities would benefit most homes in Canada.

Many factors contribute to the high performance of a solar panel, so it’s important to talk to an expert about them. Finding the right solution for the right price is essential to most of us – speak to an expert today!

 

Get in touch today!

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