Day by day, the importance of renewable energy and sustainable living is increasing. What adjustments can you make to accommodate these new priorities? One such way is by installing solar panels on your rooftop. Not only does this help in reducing your carbon footprint, but it also has a significant impact on your home value. Yes, you read it right! Solar panels can increase the value of your home while reducing your energy bills. In this blog, we’ll discuss how solar panels and renewable energy can improve your EPC ranking and property value.
Better EPC Ranking:
The Energy Performance Certificate (EPC) is a system for grading buildings based on their energy consumption and performance. It is a requirement for all homes in the UK that are being sold or rented. Higher EPC rankings indicate better energy efficiency in the property. By installing solar panels, you can significantly improve your home’s EPC ranking. Solar panels generate electricity by converting sunlight into energy, which reduces the reliance on traditional sources of energy. As a result, the EPC ranking of your property increases, which reflects in your home’s value.
Reduction in Energy Bills:
Another significant advantage of installing solar panels is the reduction in your energy bills. By generating your own electricity you will be less reliant on traditional energy sources that come with higher costs. This means that your monthly electricity bills are likely to become much more affordable which in turn can lead to substantial savings over time.
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Environmentally Friendly:
Increasing numbers of people are concerned about the environment and the impact that human activities have on the planet. Installing solar panels in your home is an excellent way to reduce your carbon footprint and preserve the planet. They also make your home more appealing to buyers. As a result, environmentally friendly features like solar panels tend to have a positive impact on the value of your home.
Improved Property Value:
One of the most significant advantages of installing solar panels is the effect it has on the value of your property. A survey from the Department for Business, Energy, and Industrial Strategy shows that houses equipped with solar panels sell for approx 14% more than comparable properties without. This means that solar panels can increase the overall value of your home, and you are likely to recoup the cost of installation and more should you sell your property.
Conclusion:
Installing solar panels in your home provides several benefits to homeowners other than the positive environmental impact. By improving your EPC ranking, reducing your energy bills and increasing the value of your property, solar panels are an attractive feature for homeowners to invest in. If you are thinking of increasing your property value then investing in solar panels is a smart move. Speak to a solar panel professional about your options and start enjoying the benefits that solar energy has to offer.