How Solar Affects Your Home’s Value

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Solar panels are becoming increasingly popular as homeowners look for ways to save money on their energy bills. But many people don’t realize that solar panels can also increase the value of your home. A study by the National Renewable Energy Laboratory found that homes with solar panels sell for an average of 4.1% more than homes without solar panels.

If you’re thinking about installing solar panels, it’s important to understand how they can impact your home’s value. This article will discuss the factors that influence how utilizing solar energy improves your home value.

1. Solar Panel Installation

Solar panel installation can absolutely increase your home’s value, but the amount of that increase will depend on several factors.

The first and perhaps most important factor is the cost of the installation itself. Solar panel installation is not cheap, and the more expensive the structure, the less of an impact it will have on your home’s value.

Another critical factor is the location of your home. Solar panel installation is most effective in areas with high levels of sunlight. If you live in a place with less sunlight, your panels will produce less power, and as a result, they will have less of an impact on your home’s value.

2. Amount of Energy Generated

The amount of energy generated by your solar panels is one of the critical factors that will influence the value they add to your home. The more solar energy your panels generate, the higher the value they will add to your home.

To maximize the value solar panels add to your home, it is important to install a system that is sized appropriately for your home and your energy needs. A system that is too small will not generate enough energy to have a significant impact on your home’s value. A too large system will create more energy than you need, resulting in wasted money and resources.

3. Price of Electricity

The price of electricity is one of the key factors influencing the economic value of solar systems for homeowners. In most cases, a solar system will save a homeowner money on their electric bill, and the amount of money saved will depend on the local electric rates. In some cases, the PV system may generate enough electricity to offset the homeowner’s electric bill completely.

The price of electricity varies widely from state to state and even from utility to utility. In some states, the price of electricity is relatively low, while in others, it is quite high. The price of electricity also varies depending on the time of day and season.

In most cases, the cost of electricity is highest during the daytime and lowest at night. It also tends to be higher during the summer months when air conditioning use is at its peak.

4. Type of Solar Panels

The type of solar panels you choose will also impact your home’s value. Solar panels come in two main types: photovoltaic (PV) and thermal. PV panels are more expensive, but they’re also more efficient, so they’ll have a bigger impact on your home’s value. Thermal panels are less expensive, but they’re not as efficient, so they’ll have a smaller impact.

Final Thoughts

Solar panels are a great addition to any home as they can help increase its value. Not only do they provide renewable energy, but they can also save homeowners money on their energy bills. Solar panels are also low maintenance, so they are an excellent long-term investment.

If you’re looking for a residential solar installation service in Bakersfield, contact us at Arc Energy Co. We offer top-of-the-line solar energy solutions at competitive prices. Message us for a free estimate today.

Arc Energy Co is taking a different direction when it comes to providing the Bakersfield community with solutions to their energy needs. We are dedicated to revolutionizing modern solar energy. Get in touch with us to learn more about saving money, energy, and the earth.

Contact Arc Energy Co. today!

What our clients say

Read why our clients are very much satisfied with our services.
Dapd
Dapd
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Wonderful experience with this company! The owner is a very friendly guy who laid out the process of the install simply and with total transparency. I can honestly say that I felt totally safe with the intentions of this company. If you are thinking of getting solar, get it through ARC Energy! :)
Meli
Meli
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Very enjoyable experience. They walked me through every step and made me feel confident about the decision I was making. They made the whole thing a breeze. I 100% recommend Arc Energy
Chris Cardenas
Chris Cardenas
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Stephen has an amazing team. Didn’t try to sell me on all the bs, gave it to me straight. Answered all my questions and had everything installed within 24hrs. Would definitely recommend you go with arc energy.
Adam Perez
Adam Perez
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Arc energy knows their stuff… Because of them, I was able to negotiate a pretty incredible deal! My monthly bill was close to $900 and now it’s down to less the $230 per month fixed! Can’t get better than that!
Michael Young
Michael Young
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If you’re interested in solar, Arc Energy is a great company. They are honest, able to tailer deals to meet your needs, and have the best installs in town. Can’t go wrong!
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