Installing solar for your home can have some amazing benefits, especially in a sunny state like Nevada. Solar panels can slash your monthly electric bill, saving you more money and freeing up your budget. They can also bring you more energy independence, leading to less reliance on your local grid and utility company.
But there’s another benefit to going solar that often flies under the radar: the opportunity for a solar installation to significantly raise the value of your home. Read on to learn just how much a switch to solar power can affect your home’s resale value in Nevada.
How Does Installing Solar Panels Affect Your Home’s Resale Value in Nevada?
A solar installation can be expensive, but with the current demand for solar and the many financial incentives for producing solar energy in Nevada, homeowners are becoming more interested in buying homes with a system already installed. Consequently, homes with solar often sell for higher rates than those without.
How Much Does Installing Solar Panels Increase Your Home’s Value in Nevada?
While there’s a good chance that installing solar panels in your home will raise its resale value, the specific increase amount will vary depending on a few factors. For example, if you install a full solar system with storage batteries included, the resale value will be higher than if you just have a basic setup. It’s also going to depend on the location of your home and how much sunlight it gets year-round.
According to a study by the National Renewable Energy Laboratory (NREL), a solar system can increase your home’s value by an average of $20 for every dollar saved on your energy bill with solar energy. With this in mind, if you save $700 per year on energy bills, this increases the value of your home by $14,000.
Maximize Your Home’s Value With a Switch To Solar
The answer is clear — a solar installation can absolutely raise your home’s resale value, especially in a sunny state like Nevada. The fact is, solar energy has become incredibly popular in Nevada in recent years, and it’s only going to grow more in the future. Because of this, making the switch to solar now will very likely pay off in spades when more homeowners in the Silver State look to save and take back their energy independence.
The fact that they reduce your energy bill makes it easier to sell a home as homebuyers are becoming more vested in homes with solar panels. It may seem costly to install solar panels at first, besides having several incentives to cut down your cost, but it pays off in the long run based on how much you will save on energy bills and the increased resale value.
Solar Optimum Is Here To Help
To maximize the resale value for your Nevada home a quality, error-free solar system is key. There are lots of solar contractors out there with varying amounts of experience, so it’s a good idea to choose one with plenty of professional installations under their belt. At Solar Optimum, our team of experts has been helping homeowners save with solar since 2008.
If you’re ready to upgrade your home and boost its resale value with a built-to-last solar system, we’re here to help. Contact us today and get your free estimate to get started!
