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What effect does PV solar panels have on property value?

Thinking of putting a 2-3KW PV system on roof. Likely to cost £10-12K. Pay back looks to be about 10 years. I am interested to know what effect this would have on the house value. If we say sold the house in 5 years would we recover a percentage of the investment in the selling price? Otherwise we could end up worse off! thanks tom

Asked on Feb 8 2011, Home Improvement in Taunton | Report content

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  • Photovoltaic panels can supplement electrical supplies to homes and you may be able to sell excess energy to the National Grid. The system should be properly installed and coverred by a guarantee which can be assigned should you sell the property. You probably won't need planning consent but probably will need Building Regulation approval: you should check with your local council. If your home is a listed building there could also be difficulties. I know of no evidence that the investment would add to the property's value. Obtaining a system free should be considered, please see the link below.

    Web reference: http://www.housingenergyadvisor.com/blog/guide-free-solar...

    Answered on Feb 10 2011, Report content
  • The jury is still out. It is difficult to see a positive effect in a fluctuating market over a short period of time. WARNING installing a 'free' system as previously suggested will not increase the value or 'sellability' of your home. These 'rent-a-roof schemes effectively mean a company owns your roof for 25 years. Who would purchase the home under that?

    Answered on Sep 15 2011, Report content
  • Hi, 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, Report content

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