If you plan on putting your home on the market, then you need to make sure that it’s fetching the best possible price. While many choose to add a new coat of paint to spruce up the exterior of the property, many buyers are looking for a bit more value than that and this is where solar panels can help increase the value of your home in the UK, but how do solar panels increase property value through just a simple installation?

Today, going green plays a huge part in a homebuyer's decision-making process and the popularity of solar panels is growing in the UK. A study carried out in the UK shows that there was a 14% rise in the sales prices for homes that had solar power systems installed!

The reason for this is that Britons see the long-term value of solar power systems and how they can contribute to their greener lifestyle whilst continually saving money in the process.

Potential buyers are looking for properties that already have this set up so that they can start saving money on their utilities right away. Plus, they’re also saving a lot of money by not having to install new solar panels themselves.

Studies certainly suggest that it does, especially with many wanting to save energy and live a greener lifestyle. The value that’s placed on leaving a lower carbon footprint is also made abundantly clear as all domestic and commercial buildings in the UK that are up for sale or rent must have an Energy Performance Certificate (EPC), which makes energy efficiency a key factor when selling a house.

The certificate shows just how energy-efficient the property is and since having solar panels saves more energy your home stands to get a higher EPC ranking, making it more attractive to potential buyers who want to start enjoying the benefits that come with solar panels without the need to spend on installing them.

If you’ve ever asked yourself, ‘Do solar panels increase property value in the UK?’, then here are the main reasons that are likely to convince you to make the jump.

Enhanced appeal for the property

Solar panels aren’t what they used to be. Today they have modern aesthetics with sleek designs that aren’t an eyesore but instead add to the visual appeal of your home. The designs that are available today can transform the look of your home by giving it a more environmentally conscious and contemporary appearance. Buyers are always drawn to properties that have some innovation and forward-thinking, which solar panels can help you convey.

Energy savings and financial incentives

Aside from going green, solar panels are the long-term solution for the rising cost of energy. Generating clean and renewable energy makes a huge impact on minimising the dependence of households on the national grid while also helping to cut back on electricity bills.

Plus, the UK government’s Feed-In Tariff scheme and the Smart Export Guarantee, give homeowners the added benefit of selling their excess electricity to the grid, making it a much more appealing option that’s tied to a financial incentive!

Return on Investment (ROI)

Investing in solar panel installations translates to substantial returns for homeowners. Studies show that homes that are equipped with solar panels can demand higher sales prices compared to properties that lack them because the ROI alone is an attractive proposition to buyers.

From energy consumption to property size and location, ROI can vary, but what’s important to keep in mind is that homeowners can typically recoup a large portion of their initial investment when they finally decide to put their solar-powered property on the market while enjoying annual and monthly savings in the meantime.

The popularity of sustainable living

From aiming to develop 50 gigawatts of offshore wind capacity by 2030 to legislating a net zero emissions target by 2050, the UK has ambitious renewable energy targets and as a result, the demand for sustainable living options has also risen.

Homebuyers are prioritising energy-efficient properties that can help them lower their energy bills while lowering their carbon footprint. Solar panels can help showcase the homeowner’s commitment to sustainable living, making it a much more attractive option for prospective homebuyers.

If you’re concerned about adding more value to your home, then installing solar panels can help you attract more buyers who are willing to spend more. Ultimately, solar panels are long-term investments and have some great benefits for buyers who want value for their money by way of more savings—and if that means going green in the process then that only adds to your home’s value.

So the answer to your question of, “Do solar panels increase property value?” is yes! It does add significant value and at Solar Save Club, we can help you connect with solar panel installation services to help you incorporate solar panels into your home and add value that is appreciated by prospective buyers. Click here to get started.