As the cost of solar panels continues to fall and the price of energy soars, there’s no better time to think about investing in solar for your home. 🏡

We’re all pretty familiar with the positive impact solar panels can have on both the planet and our monthly electricity bills by now. However, homeowners are starting to ask what solar panels can do to the resale value of their home.

Spoiler... houses powered by solar are hot property right now. 🔥

We explore how solar panels have huge potential to increase the value of your home and why investing in solar energy is a smart choice for homeowners looking to maximise their returns.

What’s the appeal?

Solar panels have long been viewed as an innovative addition to properties due to their ability to lower energy costs and reduce carbon footprints. However, one of the biggest deterrents for homeowners is the large upfront costs associated with solar panel installation - at egg, we've introduced financing* to break that upfront cost into more affordable monthly payments. 

For prospective buyers, houses that come with green technology already installed is a win, win. Not only can they side-step that initial payment but they’ll start saving on their energy bills from the day they move in. 

Cost saving aside, demand for greener properties is on the rise as the UK works towards its Net Zero goals for 2050 and new legislation on a more sustainable approach to energy consumption looms. There’s no getting around it, the climate crisis is a hot topic. 

What’s the added value?

In a recent study by Admiral Money, it was found that buyers would be willing to pay a 25% premium on homes with solar already installed.

The average UK house price was £285,000 in December 2023. A 25% premium in this instance would equate to £356,250 - that’s a whopping £71,250 on top! 💰

Consider these factors when calculating your return on investment:

The cost of installation

Depending on the size of your property, the cost of solar panels is between £5,000 to £13,000 including supply and installation. Don't forget to deduct this figure when working out your profit from your new resale value.

The location of your home

Properties in areas with abundant sunlight tend to see a higher increase in value as solar panels are more efficient in these areas. An unshaded, south facing roof is ideal for maximum electrical output but east or west facing roofs can still be considered.

Try our quick 2 minute survey to see if your home qualifies

Energy savings

Keep detailed records of your solar panel system's performance, energy savings, and maintenance history to arm potential buyers with all the information they need to see the long term value of solar installation.

Invest in energy-efficient upgrades

Battery storage is an additional £6,000 to £10,000 but well worth the investment when you consider the savings a home battery will save on energy bills - a fantastic selling point for potential future buyers. 💰

As the demand for sustainable living and energy-efficient homes continues to rise, solar panels have emerged as not just eco-friendly investments but also savvy financial decisions for homeowners.

By harnessing the power of the sun, you can not only lower your energy bills but also increase the resale value of your property significantly. With the right approach and investment in quality solar installations, you can turn your home into a lucrative asset that benefits both your wallet and the planet.

Are you ready to invest? Get your free quote today.

*T&Cs apply. 18+. Subject to status. Finance provided by Phoenix Renewables Limited trading as egg