Solar energy is an excellent source of renewable energy. More people are becoming aware of issues such as climate change. They are supporting the initiatives to reduce the carbon blueprint. Additionally, solar panels help to lower the electricity costs in your home significantly. Not only that, solar panels increase the value of the property. So, will my house sell more with solar panels compass?
Our guide will help you learn how solar panels impact the value of your home in the property market and the best solar panels to install in your house.
The Benefits of Solar Panels for Homeowners
There are numerous benefits of installing solar panels as a homeowner. They include:
1. Minimizes the Energy Bills
Solar energy can save much money on your monthly energy bills. The electricity bills are bound to keep on increasing. The best solution for reducing or eliminating high electricity bills is installing a solar system in your home.
2. Increases the Value of Your Home
A property with solar panels will likely sell 20 times faster than one without. Installing photovoltaic solar panels is viewed similarly to renovating parts of the house. Home buyers are willing to pay a premium price for homes with a good solar system.
3. Environmental Friendly
The solar systems tap clean and renewable energy from the sun. The use of solar energy helps in reducing carbon footprint and the over-reliance on fossil fuels. Let’s all embrace renewable sources of energy for the sake of our environment.
4. You Stay Powered During Power Outages
A solar system with a storage battery allows your lights to stay on and home appliances powered during a power outage. Investing in solar panels, consider BLUETTI solar batteries for storing excess solar energy for later use.
The Impact of Solar Panels on Property Market Values
Most homeowners know the benefits of installing solar panels in their homes. The installation and use of solar panels help to reduce carbon footprints and minimize electricity costs. Due to these factors, the home value tends to rise higher. According to the National Renewable Energy Laboratory (NREL), the value of your home increases by up to $20 for every $1 you save on energy costs. For instance, if you save $800 worth of energy costs, the value of your property increases to $16,000. Home buyers are increasingly becoming conscious of the environment and the impact of climate change, as well as reducing energy costs and opting for properties with solar panels.
How Many Solar Panels Will Increase the Value of Your Home?
Before installing the solar panels, there are several factors you must consider. For instance, the amount of sun you receive, the size and output of the solar panels, the size of your roof, and your energy needs.
1. Your Energy Needs
Your energy needs or the amount of power you consume will guide you in establishing the number of solar panels you need. If your household consumes more electricity, you need more solar panels installed in your home. Consider using power-saving appliances and LED bulbs to reduce the electricity bills and the amount of solar panels you need.
2. Size of the Solar Panel
A standard solar panel size for a home measures 65 by 39 inches, although this may vary depending on the brand. The roof design of your house may also impact the size of the solar panels. You can opt for cheaper, larger panels to achieve your energy needs if you have a larger roof space. You can install highly efficient small or few panels if you work with limited roof space.
3. The Production Ratio
The production ratio of a solar system is measured using the estimated energy output of the system in kWhs and the actual size of the system in watts (W). The ratio is not always equal because the amount of sunshine hitting the panels is inconsistent.
4. Wattage of Solar Panels
All solar panels are not made equal. The wattage, among other factors, makes them different. Wattage is the electrical output generated by a panel. The average wattage for panels is 300W, with most brands ranging between 250W to 400W. Determining the wattage of the panels will help us determine the number of panels to install.
5. The Amount of Sun in Your Area
The climate in your region determines the amount of sun you get in a day and, ultimately, the amount of energy the solar panels can produce. Suppose your area doesn’t receive many hours of sunlight. In that case, you will need more solar panels to generate energy.
Where You Live Matters - High Electricity Bills
Your location influences the cost of electricity you pay. Some geographical locations pay higher electricity bills than others. Where you live can impact your monthly bills, especially electricity costs.
Some states with high electricity bills are Hawaii, Georgia, Alaska, Alabama, Arizona, Texas, Connecticut, Rhode Island, and West Virginia. Installing solar panels will help cut down electricity costs in these states.
Factors that contribute to high electricity bills are:
- Supply charges- Fees charged on the actual energy that you use.
- Delivery charges- Fees imposed for the delivery of electricity in your state.
Top States for Solar Market Size in 2022
More states continue to embrace solar energy for homes and small businesses. Solar energy is the fastest-growing source of renewable energy. Here are the top 10 states with the highest solar capacity and home installations.
|
State |
Solar Capacity (MW) |
Number of Homes with Solar |
|
California |
38,145 |
10,510,648 |
|
Texas |
16,173 |
1,855,828 |
|
Florida |
9,791 |
1,157,337 |
|
North Carolina |
8,147 |
955,987 |
|
Arizona |
6,087 |
953,394 |
|
Nevada |
5,040 |
873,341 |
|
Georgia |
4,574 |
525,348 |
|
New Jersey |
4,270 |
682,696 |
|
New York |
4,041 |
669,662 |
|
Massachusetts |
4,037 |
693,913 |
Will Solar Panels Always Add Value to My House?
The upfront costs of installing solar panels are high. Solar energy helps reduce the carbon footprint and cut down the electricity costs in your home. Solar panels and systems increase your property's value, making it more attractive to prospective buyers.
So, will solar panels add value to my home? Yes, installing solar panels increases the value of your home. Due to the long-term energy-saving aspect and the reduction of carbon blueprint, real estate agents will mark up these properties as compared to homes without panels.
If you are considering selling your home at a higher cost, installing a solar system will automatically increase its value in the property market.
Note that installing solar panels will only sometimes add value to your home. Some factors that may decrease the value of your home, even with solar, include outdated solar systems, poorly installed solar panels, and less appealing solar panel aesthetics. Such factors can negatively affect the value of your property.
BLUETTI: The Best-Selling Solar Panels for Homes and Outdoors
1. BLUETTI PV420 Solar Panel | 420W
The BLUETTI PV420 Solar Panel | 420W is a foldable, portable solar panel suitable for homes and caravanning. The PV420 panel is made with durable and laminated ETF material. The IP65 rating provides excellent light transmission and a long life span. The 420W high-output solar panel weighs only 14 kg and is made of monocrystalline solar cells with an impressive efficiency of 23.4%.
Features
- High Capacity 420W Solar Panel- The PV420 solar panel has a high output of 420W. It can power large-capacity solar generators such as BLUETTI AC200P, BLUETTI AC200MAX, BLUETTI AC300, BLUETTI EP500 and BLUETTI EP500Pro.
- Durable and Long-Lasting ETFE Coating- The 420W solar panel is made with durable ETFE IP65 material, which is waterproof and capable of withstanding scratches. The high-quality material makes it suitable for home installation, camping, hiking, and fishing.
- High Cell Efficiency- The BLUETTI 420W solar panel has monocrystalline cells with a 23.4% solar conversion rate, capable of generating 2000Wh electricity daily. The power is capable of running your electronics and light appliances. You can store the excess energy into an efficient solar battery.
- Foldable and Portable- The folded size of this solar panel is 38.3 × 25.9 × 1.7 inches, with a total weight of 30.8 lbs. This panel's foldable and portable nature makes it convenient for use in various places, such as at home and outdoors.
2. BLUETTI PV350 Solar Panel | 350W
The BLUETTI PV350 350W solar panel is handy during power outages or outdoor activities such as camping. The foldable panel is made of highly durable laminated ETFE material. The material is waterproof and scratch-resistant, thus giving you a long life of service. The solar panel cells are in parallel, a technique that provides high efficiency and good performance even on days when the sun is insufficient.
Features
- High-Efficiency- On perfect sunny days, the PV350 panel can generate daily power of 1600 - 1700 Wh, which is sufficient for powering your devices and some home appliances.
- Off-Grid Power Supply- The BLUETTI PV350 solar panel generates solar energy, which can be stored in solar batteries for later use. The energy can be used at home to charge devices and power appliances.
- Foldable Portable Design- The PV350 has a 4-cell foldable design, which folds into a compact and easy-to-carry model. With a weight of 13.5 kg, you can easily set it up anywhere.
- High-Performance- The BLUETTI PV350 350W Solar Panel has a high conversion rate of 23.4% and a circuit voltage of 46.5V. The panel is compatible with generators such as BLUETTI AC200P, AC200MAX, AC300, EB150, EB240, EP500, EP500PRO, and AC500.
3. BLUETTI PV200 Solar Panel | 200W
The BLUETTI PV200 Solar Panel | 200W is a foldable and portable four-panel solar panel designed for home and outdoor use. The panel delivers up to 200 watts to your solar batteries. It is integrated with a single cable connection with an MC4 connector. The folded size of the panel is 23.2 × 24.8inch / 59 × 60cm.
Features
- Foldable and Portable- The PV200 is foldable and portable, weighing 16.1 lbs (7.3kg). You can set it up anywhere at home or outdoors quickly.
- High-Efficiency- The panel is constructed with monocrystalline solar cells with a 23.4% high conversion rate. Even in bad weather, the panel can convert the low sun into solar energy.
- Durable- The PV20 is made with durable, high-quality ETFE coating with an IP65 rating to withstand scratches and water splashes. It is suitable for home, fishing, hiking, and camping.
- Compatibility- The solar panel is compatible with solar generators possessing MC4 connectors.
Final Thoughts
The rising costs of energy and electricity and the growing demand for renewable energy have increased significantly over the recent years. Most people are embracing solar energy in their homes, first to cut down on electricity costs, to reduce the carbon footprint, and to increase the value of their homes in the property market. Home buyers are more keen on buying homes with good solar installations. If you aim to sell your property at a higher value, consider installing the solar system. Some solar brands, such as BLUETTI, have affordable and high-quality solar products that will increase the value of your home and reduce energy costs.
