More than one million homes have solar installed on their roofs as of 2016. Investing in a solar PV system has a variety of benefits: solar panels will reduce your electricity bills by generating electricity on-site for 25 years or more. A solar energy system can also increase your home value by tens of thousands of dollars. Home solar is a significant investment in your home, which leaves many homeowners wondering: do I need to get solar panel insurance or will my system be covered by my home insurance?
The past decade has engendered the era of solar panels for home use. Homes and businesses across the country are transitioning away from a fossil-fueled electricity grid towards a clean energy economy, necessitated by emissions reduction targets in a time of global climate change. Amidst this period of energy reform, solar panels for home are taking off at a remarkable rate. It’s time to give residential solar the credit it deserves. Learn everything there is to know about the booming residential solar industry in our list of home solar FAQs. Continue reading
If you own your home, you’ve probably heard that going solar can help you reduce your electric bill, delivering major savings over the 20+ years that your solar panels produce electricity. You may have also heard that installing a solar energy system on your roof can increase the value of your home – but by how much? It’s time to get past the sales pitch and understand exactly what solar companies mean when they say that your home value increases when you install solar.
When you make improvements to your home, it’s smart to take into consideration how they will impact your home’s value. The conventional wisdom from HGTV and home improvement magazines is that updating your kitchen, renovating your bathroom, or building an addition are the smartest ways to increase the value of your property. But there’s another home improvement that you may not realize adds to your property’s value: installing a solar energy system on your roof.