Everyone knows that solar power can bring immediate savings to homeowners, but there is also money to be made when selling your solar equipped home.
Solar increases your home’s value, which means a higher asking price when it goes on the market. According to the National Renewable Energy Laboratory, each additional $1 in energy bill savings (from your solar installation) adds $20 to your home’s total value. In San Luis Obispo County that can mean a small 3.1-kilowatt system can add an average of $18,324 to the value of a medium-sized home.
Also attractive to potential buyers is that they can move into a home and never receive an electric bill. Imagine having one less bill to pay every month. Electricity Local says that the average residential electricity bill in San Luis Obispo County is about $88/month.
Additionally, the purchase of a solar system can be rolled into the home cost when selling.
Solar is a good investment whether it’s the savings that start on day one or the increased value that takes place years down the road.
For more information about potential savings, visit A.M. Sun Solar at https://amsunsolar.com/solar-blog/go-solar/solar-increase-homes-value/