Effect of Solar PV Panel installation
Does installing roof-mounted Solar PV Panels increase or decrease the selling price of a property?
Asked on Oct 3 2014,
Home Improvement in Norwich |
It depends if you paid for them outright or not. If you 100% own them and you're not tied into lease periods etc. I see it only as a selling point, especially with rising energy costs.
They may have had a slight stigma attached to them in the past because they were quite clunky and not the most attractive but they're now a fraction of the price, more efficient and more aesthetically pleasing.
Answered on Oct 3 2014,
When looking at solar panels adding value, we tend to advise that you would be mindful when considering installing solar panels 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 is lease in place.
It will affect sale-ability of your home more than anything. But it could be an additional extra that draws some potential buyers interest in. It is a tricky question as some potential buyers will love it for its saving ability, and also environmental impact but others may see it as an eyesore and a hindrance to the home. It may be worth while speaking to a few local estate agents to see what the market is like for properties with Solar Panels installed and if there's any change in interest with these properties in relation to similar properties without solar panels.
We hope this helps.
Answered on Oct 7 2014,
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