Let’s be honest – in our current economic climate, undertaking extensive home renovation projects is probably not on the top of your list. Consider holding the new fireplace or the underground swimming pool project for another year in favour of one home improvement that will not only drastically increase your property value, but also helps you sell your home faster.

Why does solar increase your home value?

Imagine that your electricity was going to get more expensive and your utility would raise its rates at any given time. Imagine that national demand for that expensive electricity was going to keep growing, and had already grown 25% since 1990. Finally, imagine that generating this traditional, expensive electricity was creating pollution and hurting the environment.

You’re not imagining. The above are all realities that explain why solar homes sell faster, and for more money. According to the U.S. Department of Energy’s Office of Energy Efficiency & Renewable Energy, a solar home will sell twice as quickly as a home without solar.

Here are some take-home points:

  • Homes with lower electricity bills sell faster.
  • Energy saving improvements increase the potential resale value of a property.
  • Value of a solar system increases over time as electricity prices increase.

Source: Renewable Energy World.

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