Recent studies have indeed shown that as many as a third of all home buyers would be prepared to pay extra for a home fitted with solar PV panels.

There are a whole host of possible reasons for the allure of solar panels to prospective buyers. First and foremost must be the prospect of lower electricity bills in future years. We all know that the cost of electricity only increases over the years and a home fitted with solar PV panels can reduce this ongoing cost as homeowners will be able to generate their own power. 

Another attraction of a solar-powered home is that solar PV panels are extremely low maintenance and will produce free electricity for very little input. Indeed, solar panels carry a long warranty adding to the peace of mind for prospective buyers.

Another attraction for potential home buyers is the government’s Feed in Tariff (FIT). This means that the government agrees to pay a certain amount for any surplus energy produced allowing the homeowner to become a mini power producer. Although these payments may not be large they do provide a steady income for homeowners. The FIT agreements can be transferred to new owners if it is within 20 years of the original installation. 

Installing solar PV panels can increase the EPC grade of your home which can also have a positive impact on the selling price. The EPC or Energy Performance Certificate is a legal requirement for anyone selling their home. It provides prospective buyers with an idea of how expensive the home is to run. The EPC grades range from A for the most energy efficient homes to G for the least efficient homes. The installation of solar PV panels can raise the energy efficiency grade of your home by at least 2 levels and this will be reflected in the asking price. 

Many people argue that solar PV panels detract from a home’s aesthetic appearance however the latest panels are thinner and far more streamlined and with the escalating concerns around global warming they look set to become a vital and more common feature in our towns and cities. 

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