As a homeowner in Texas, you may be wondering “does solar add value to your home?” Well, the answer is a resounding yes!
According to the National Renewable Energy Laboratory, the average solar panel system in Texas actually increases the value of a home by about $20,000 because of the many benefits it provides.
In this blog, we’ll discuss these benefits in detail so make sure to read to the end if you want to know the reasons why solar panels can increase the value of your home in Texas.
Benefits of solar panel roofing
Reduce your energy costs
One reason why does solar add value to your home is that they can significantly reduce energy costs. In Texas, electricity rates are relatively high compared to the rest of the country.
By installing solar panels, homeowners can reduce these costs by as much as 50% or even more. This not only saves money in the long run but also makes a home more attractive to potential buyers who are looking for ways to save on utility bills.
Once solar panels are installed, they will require minimal maintenance only. Hence, you won’t have to worry about high maintenance costs. Just inspect them periodically to ensure that everything is working properly and that’s it!
Good for the environment
Solar panels are good for the environment as it is a renewable source of energy. It reduces the number of carbon emissions produced by your household, which makes the home more appealing to buyers who are environmentally conscious.
Tax rebates and incentives
Beyond the financial and environmental benefits, another factor that can impact the value of solar panels is the availability of incentives and rebates. In Texas, you may be eligible for state and federal tax credits and incentives, which can help offset the upfront costs of installing solar panels.
Things to consider
It’s important to note that the extent to which solar panels add value to your home can vary depending on a number of factors. Here are some of them:
Does solar add value to your home may depend on the location of your home. Homes in areas with high electricity prices or a strong emphasis on sustainable living may see a greater increase in value from solar panels.
Size of the solar panels
A larger solar panel system may provide more energy and cost savings, which could potentially increase the value of your home. However, it’s important to note that it may also be more expensive to install, so you’ll have to weigh the potential value increase against the upfront costs.
Age of the solar panels
Although solar panels typically have a lifespan of 25 to 30 years, their efficiency can degrade over time. So if you’re considering buying a home with solar panels, it’s important to consider the age of the panels and how much life they have left.
If the panels are already approaching the end of their lifespan, they may not add as much value to the home.
Quality of the solar installation
The quality of the solar installation can also affect the value of your home. Poorly installed solar panels may not function as efficiently, which could decrease the value they add to your home.
This is why it is important to work only with a reputable solar installation company to ensure that your panels are properly installed.
Does solar add value to your home? Let Galvan help!
Galvan Roofing is a reputable contractor in Texas that also specializes in solar installation, repair, and replacement. We will help you select the best equipment brand for your home, including the number of solar panels and solar accessories needed, to increase the value of your property. Call us today to get a free estimate!