There are considerable debates between the homeowners who are and aren’t using Solar Energy for their home or business about the Increment in value of property by installing Solar PV Panels.
So, what Solar Secure have considered to take a step ahead and gathered the information at one place so you can compare the differences, in the research document by The Appraisal Journal by Ruth Johnson and David Kaserman reports that “House value increases of about $20 for every dollar saved on annual energy costs”, in an indirect manner a typical 6.6kW PV system saves about $2000 in bills or other benefits it means as per journal the price of the property will be evaluated extra of $40,000 then market price. Another research by the National Bureau of Economic Research, The US government organization estimated that home buyers gave a 4% premium price to the home with solar energy system installed then comparable homes without solar. So, if your house is worth between $700,000 to $900,000, it will add a value of about $28000 to $36000, respectively
On the solar blogs of Origin Energy as per the survey in 2008 of 1005 Australians of age between 18 to 79 from all States and Territories, they found that 77% of Australians think the house with Solar power is more valuable than those relying on traditional energy sources. And not only owner-occupiers of the property, but 55% of renters add they are willing to pay $10 extra a week as rent for the property with Solar.
Additionally, to the increased home value by adding a Solar PV system, you are also reducing your carbon footprint as you are using the green energy produced without any carbon or harmful gases released into the environment, so the use of Solar PV is making Sustainable for our offspring or future generations. However, the savings on the electricity bill depends on the size of the PV system, the quality of products used, its efficiency, the weather surroundings, shading on the panels if any, and the quality of installation done by your retailer.
In adding PV system, some of the above factors may not be in our control like weather, shading, or degradation of PV panels, however few of the thing that we can choose is using the products that are proven to have less maintenance over the life of PV system, for example using mid-range and reliable Inverter and Panels, using the installers or good quality of installation. As per our combined experience of 10 Years, the products offered by us at Solar Secure are either Top Quality or Reliable and Cost-Effective and are used by our customers and are tested by us for Quality Assurance, and for installation, as a CEC approved retailer we only used Licenced Electricians with fully approved by CEC for installation of PV systems and with Solar Secure our all installers are not only qualified but are experienced of the industry from the long term working with us.