The home renovation industry is booming, but much of home improvement carries a huge risk due to the fact that design trends are bound to eventually go out of style and are based completely on personal preference.
Here’s something you probably didn’t know:
Solar often offers the highest return on investment out of all home improvement projects, up to 200% cost recouped. Switching your home to solar power will add more resale value than most minor kitchen remodels, bathroom remodels, or large deck additions. Plus, solar panels will end up saving you tons of money in electrical bills and deem your house eco-friendly.
Here’s a list of ways adding solar to you home will pay off:
Reduce or even eliminate your electrical bill. Solar panels can help you save money now, but will also protect you from steadily increasing utility rates in the future.
Solar produces emissions-free electricity, reducing your carbon footprint and helping keep the environment clean.
Increase the value of your home. According to the study “Selling into the Sun” by Lawrence Berkeley National Laboratory, home buyers are consistently willing to pay approximately $4 per watt of installed solar capacity. A standard solar photo-voltaic system for a home is 6-kilowatts. That means solar can add up to $30,000 in home resale value!
Next time you’re thinking about re-doing your kitchen or adding a guest bedroom to your home, consider switching to solar. The benefits speak for themselves!