Does Installing Solar Panels Increase Your Home’s Value?

Solar panels, also called photovoltaics, collect energy from the sun and convert it into electricity to power homes or businesses. Many homeowners and developers are installing solar panels in the hopes of increasing a home’s sale or resale value.

In this post, roof insurance claim contractor Steinmeyer Roofing, Inc. reveals whether or not adding solar power can increase a home’s value.

Does Solar Power Increase a Home’s Value?

Research by Zillow, a real estate information company, says that in the same manner residential property owners are willing to shell out large amounts of money for home improvements, like building a new kitchen or finishing a basement, they need to calculate the return on investment from installing solar power.

Adding solar panels to your home not only helps to reduce monthly energy costs but can also potentially increase the home’s overall value by up to 4.1% more than similar properties without solar panels. This equates to an additional $9,274 for the median-valued house in the U.S., according to roof experts.

Other Benefits of Solar Power

In addition to reduced utility bills and increased home value, installing solar panels on your home can also help the environment. Since solar power acquires clean energy from the sun, using solar panels minimizes greenhouse gas emissions and a home’s dependence on fossil fuels, which emit harmful gases that contribute to air pollution and climate change.

Looking for a “roofer near me” to install high-quality solar panels on your roof? Turn to Steinmeyer Roofing, Inc. Our certified team is committed to providing industry-leading products and outstanding workmanship in order to ensure the comfort and efficiency that our clients in Illinois deserve. Call us today at (217) 302-9355 or fill out our contact form to request a free, no-obligation quote.

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