Hot water solar panels.
We have 3 hot water solar panels installed on our south facing roof. By how much would these increase the value of our bungalow?
Asked on Dec 11 2009,
Home Improvement in Newark |
Not sure it would add any significant value, as even though we should all be looking at ways to go green and you have done brilliant with this, I think most would rather pay more for the nice kitchen or bathroom etc! As a property valuer who has not come across solar panels yet on a property I have visited, I would probably want to know how much a year is saved by such a feature! so I could perhaps try and work out a 5 year to 10 year saving and see if a proportion of the amount could be added to the asking price. Adding too much may leave someone buying the cheaper less green version as after all most people are driven by asking price. Hope this helps and sorry there is no specific answer from me.
Answered on Jan 8 2010,
It's not necessarily a case of having an affect on the value of the property. You have got to be very mindful and careful when having solar panels installed as some companies will have a lease on the solar panels for 25 years and as they have a charge on your property it is extremely difficult to sell your property with its lease in place.
We hope this helps.
Answered on Sep 13 2013,
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