Solar panels convert solar energy into electricity, allowing for self-consumption and the sale of surplus energy. This ability to generate one’s electricity transforms equipped homes into real domestic energy plants, offering economic and ecological benefits.
In addition, the presence of solar panels can improve a home’s Energy Performance Diagnosis, a criterion that is increasingly popular with potential buyers.
Let’s examine closely how do homes with solar panels sell faster and increase home value and what financial and energy benefits they can bring homeowners.
How do solar panels influence the value of your home?
Cost reduction: The installation of photovoltaic panels allows the production of electricity from solar energy, reducing dependence on traditional energy suppliers.
Ecological recovery: Homes with solar panels are perceived as more environmentally friendly. This ecological enhancement can attract environmentally conscious buyers.
Lifespan and maintenance: The lifespan of solar panels, typically 25 to 30 years, and their low maintenance cost add to their appeal.
Installation price: The price of the photovoltaic installation can vary depending on the size and power of the panels (expressed in kWp). High-quality installations with high power can increase the value of the home.
Improved energy performance
Energy Performance Certificate (DPE)
The energy performance diagnosis (DPE) is a measurement tool that evaluates the energy performance of a home or building. It is mandatory in France for the sale or rental of real estate and aims to make owners and tenants aware of the energy consumption and greenhouse gas emissions of their homes.
The DPE is in the form of a label with two classes:
Power consumption: Represented by a scale from A to G, where A indicates a very good energy performance (low consumption) and G a very poor (high consumption).
Greenhouse gas emissions: Also represented by a scale from A to G, where A indicates very low emissions and G indicates very high emissions.
How do solar panels improve the DPE score?
Reduction of greenhouse gas emissions: Solar panels reduce greenhouse gas emissions, contributing to a better rating on the DPE emissions scale.
Self-consumption and energy independence: Solar systems allow homeowners to consume the electricity they produce themselves, reducing their consumption of electricity from the grid and increasing the energy autonomy of the home, which improves the DPE score.
Optimization of overall energy performance: By installing solar panels, homeowners meet the DPE’s recommendations for using renewable energy sources, thus optimizing their home’s overall energy performance.
Reduced energy costs: Photovoltaic solar panels allow homeowners to generate their own energy from solar energy, reducing the amount of electricity purchased from traditional suppliers.
This significantly reduces electricity bills. When electricity generation exceeds domestic consumption, the surplus can be sold to the electricity grid, generating additional revenue, or stored for later use.
A house equipped with panels has a significant advantage on the real estate market: It offers the buyer the opportunity to make huge savings on their electricity bill.
The appeal to potential buyers
Environmental Sensitivity: Another important aspect that can be a determining factor in the sale or rental of your property is the ecological aspect. Indeed, more and more mentalities are turning towards ecology.
It is our duty to pay attention to our planet by contributing each in our own way.
Solar panels are used to produce clean, renewable energy. This offers a huge competitive advantage in the real estate market. In addition to reducing electricity bills, photovoltaic panels contribute to the energy transition, which could attract environmentally conscious buyers.
Long-term investment: A solar panel has a lifespan of about 25 years and some warranties go beyond that from 30 years. The initial investment is certainly high, but it is a long-term investment.
On average, it takes 6 to 7 years before paying off the initial price. After this period has passed and the investment has been amortized, the panels will work for many years, allowing the bills to be reduced considerably.
If you choose to leave the home equipped with solar systems and resell it, many buyers will be attracted by this feature. They will not have to pay for the initial investment, which means that the profitability will be immediate.
Calculating ROI
Solar Panel Installation Costs
The price varies with each new installation you have to consider the type, the power (KWP), the number and the configuration.
However, here is an estimate of the price:
- Price of 3 kWp solar installation 150k
- Price of 5 kWp solar installation 205k
- Price of 8 kWp solar installation 315k
- Price of 10 kWp solar installation 365k
- Price of 16kWp solar installation 621k
- Price of 20 kWp solar installation 721k
An expert will define your system’s power, expressed in kWp and the amount, during the evaluation. It is rare to find installations sold with a fixed rate. It is important to note that there are aids and subsidies for the installation of photovoltaic or thermal panels in your home, like the self-consumption bonus.
Find out the price of a photovoltaic panel installation in 2024.
Increased resale value
Several real estate studies and reports show that homes with solar panels sell for a higher price than those without panels.
For example, a study by the Lawrence Berkeley National Laboratory found that homes with photovoltaic systems sold for an average of 4.1% more than those without solar systems.
Solar panels are designed to last between 25 and 30 years, and their extended warranties ensure their performance. This durability provides buyers with a reliable source of energy for many years to come, making a significant selling point.
Factors to consider before installation
Roof conditions and orientation: In most cases, it is possible to install solar panels on most roofs. Ideally, they should be placed on the surfaces that are most exposed to the sun, usually facing south, while avoiding shade caused by nearby trees or buildings.
If you hire a professional, an installer will take the necessary steps and gather the essential information to develop a personalized and free quote.
Electricity production estimation: On your own, it is complicated to effectively estimate your potential production. There are some online tools that will allow you to get close to it, but the easiest solution is to call a professional who will do it for you and for free.
The evaluation is the step that will determine the rest of the installation. It is crucial because it is from here that we will determine the potential production, several factors must be taken into account:
- The power of solar panels in kwp
- The number of panels to be installed on the roof
- Where to place the solar panels on the roof
- The total price
- The choice of photovoltaic system (resale or self-consumption)
Installers have special tools to assess the ideal location. The appointments, which last about 1 hour, take place at the individual’s home.
Conclusion
Solar panels offer considerable advantages for a household. The fact that they can reduce electricity bills and help create a greener world makes these systems very attractive to potential buyers. By investing in solar panels, you are also investing in increasing the value of your home.