Solar panels and Values
Does solar panels increase the value of residential property?
Asked on Mar 4 2013,
General in Blackburn |
Yes, there is truth in the fact that solar panels can have an effect on the long-term value of a property when it comes to selling. Electricity bills are always on the rise at the moment, which means that anything which will reduce them is a bonus.
However, it's also important to remember that panels have a set lifetime, and after 25 years they need to be replaced, so if you were adding them to the property purely for selling purposes, this might be a great bonus for any buyer.
If you are planning to live there for a number of years more and then move on, though, you might see less favourable increases as the panels get closer to the end of their functional life.
Answered on Mar 22 2013,
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