Does Solar Add Value to Real Estate?
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Yes!
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And there is some good research to back this up.
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According to the ABS almost 1 in 4 Australian households have a solar powered system installed on their roof.
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Home Owners
\n\n85% of respondents to an Australian survey conducted by Origin identified solar rooftop panels as something which adds to a property’s value.
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Property Investors
\n\nA 2015 survey of renters by realestate.com.au found three quarters would pay additional rent to live in a property with solar energy. Two out of five respondents saying they’d be willing to pay an extra $10 a week.
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How much?
\n\nThere is no definitive figure. American research reported here and here shows increases in value of between $15,000 and $25,000 for a 5kW system.
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A report from the Australian Bureau of Statistics in 2010 suggested that increasing the energy rating of a house worth $365,000 by just half a star could increase its value by an average of $4,500.
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\n\nPro Tip: Just because you can’t see them doesn’t mean they’re not there. The majority of solar systems are installed on the side or back of roofs.
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Ask us
\n\nIs your quote different to our price range? The brands you’ve been quoted aren’t here? Ask us!
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