Solar Panels and Property Value

There are many reasons why you might want to join the solar revolution. You may be trying to get long-term savings on your electricity bill, or you may be motivated to reduce your carbon footprint and be kinder to the planet. But there is one question that runs through the mind of anyone who considers installing solar panels in their home. How will this affect my property value? At GreenLeaf Solar, we know that you care greatly about the investment you have in your home and we want to show you how solar panels can potentially boost your property value.

GreenLeaf Will Show You The Value of Solar

GreenLeaf is Long Island’s leading solar power company. We’re experts at installing solar panels for both residential and commercial uses. Our professionals can install your solar panel system outside your home and we’ll explain every step of the process to you. We’ll also consider the area and size of your roof as well as the direction and pitch of it in order to determine how to maximize the amount of energy your solar panels take in. Unlike other companies, we’ll customize your solar panels to fit your needs. We want you to get the most value out of your solar panel system.

What You Need to Know About Solar and Property Value

The Boston Globe did an examination of some of the more common questions that potential solar customers have related to their property value. One of the first questions has to do with how the panels look. Many people think they’re going to be large and bulky, but modern solar panels don’t look like that, according to New Hampshire-based solar expert Tom Harrington.

The aesthetics of panels have greatly improved over the last few years, with black, low-profile mounting systems. Solar panels are sleeker, thinner, and more efficient than they were only three years ago.’’

Next, you should look at short term costs. One thing to keep in mind is that some of the costlier systems to purchase and install will actually pay off for you in the long term. “Many of the more expensive systems have better efficiency and produce more power in the same amount of space,’’ Harrington said. These systems often have better warranties as well.

Incentives & Rebates For Going Solar

You should also look into incentives and rebates. Here in New York State, there are incentives including The NY-Sun Solar PV program which offers incentives to reduce the installation costs of solar PV for both residential and commercial customers. Here’s some additional information pertaining to incentives and rebates:

  • Tax incentives including an income tax credit for 25% of the cost of the system, up to $5000.
  • Federal income tax credit is 30% of system cost
  • New York State Rebate 25% of system cost or $5,000 max

There are also numbers that show installing solar panels increase property values. According to the US Department of Energy, studies show that home buyers are willing to pay a premium of about $15,000 for homes with solar.

GreenLeaf Will Help You Find Value in Solar Power

Everyone wants to save money on their energy bill and solar can lower your costs and even have the electric company pay you for excess power you produce. You can make your home more attractive to buyers by installing solar. To find out more, call (631) 509-1747 or contact GreenLeaf today.