Santa Clarita residents, are you looking for an even more compelling reason to invest in a solar system for your home besides saving on your electricity bills every month and cutting down your carbon footprint? Well, the real estate investment value might just be the push you need to take a step closer to solar energy.
It turns out, having a photovoltaic (PV) solar system can up a home’s value by approximately 3-4%. A study done by the Lawrence Berkeley National Lab involving 4,000 homes with solar systems spanning 8 states found that some buyers, particularly those from California, are willing to spend an extra $12,000 to $15,000 for an average-sized, resident-owned solar panel system.
California is the state leading the solar industry in the United States so having a solar system is especially beneficial for California residents. California has an incredibly mature solar real estate market as well. What that means is the market is dominated by agents, lenders, and appraisers who understand just how much solar panels can add to a property’s existing value.
Many other states are now following California’s example. The Solar Energy Industries Association or SEIA reports that there are currently over 1.5 million residential solar systems in the United States and that number is only going up. Therefore, it follows then that real estate professionals are gaining more experience with marketing the solar amenities of homes using better tools and training where solar real estate deals are concerned. One of these tools involves working with a third-party group that comes in to calculate the potential value of a home’s solar panel system.
However, when prospective homebuyers are considering a home that already has solar panels installed have two recurring concerns. One is that they want to be assured that there is documentation from the solar company that the system was installed properly. Moreover, they want proof that the system is actually cutting the cost of the utility bill.
Having these documents is recommended by the SEIA, which they have began calling the “income approach”. For more information on this, the SEIA has released a report titled “How Owning a Solar System Impacts My Home Value: A Guide to Valuing Residential Solar Energy Systems”. This report contains extra resources such as solar calculators and lists of organizations that homeowners with solar systems may find useful.
The solar power experts from HomeLink Pros Solar provide homeowners with Santa Clarita solar panels designed to lower their electricity bills and improve their home life. The Santa Clarita solar company offers customized solar energy solutions tailored around each homeowner’s house and the way they live. If you’re in need of a solar company, Santa Clarita residents can read the solar reviews and contact Home Link Pros Solar today to get more information about solar ownership, solar lease, Santa Clarita solar installation and more.
Home Link Pros Solar
18954 Soledad Canyon Rd
Canyon Country, CA 91351