Thinking about investing in your home to add solar in Denver. It’s a smart move that can increase the home’s value, says Forbes Home, “Solar panels are a great way to reduce electricity costs while benefitting the environment. However, another primary benefit of installing solar panels on your property is their ability to increase the home’s overall value. Various factors, such as the property’s location, energy savings and the general appeal of solar energy to potential buyers, can influence the extent of this value increase.”
The article goes onto say, “According to the National Renewable Energy Laboratory, every dollar that a solar panel saves you on your electrical bills increases the value of your home by $20. And according to Zillow, homes with solar panels sell for four percent higher than those without them.”
Solar: A Great Way To Increase The Value of Your Home
In a recommendation from Architectural Digest that was published April 2023, “Installing a solar panel system offers long-term clean energy and boosts your property value. How much your home value will increase depends on your location, local policies, and electricity rates, but most homeowners see a significant increase from going solar. Homeowners looking to sell a solar-powered home should keep the system up-to-date and in pristine condition. Home buyers interested in a solar home should ensure the system is in working condition and available for ownership transfer.”
Local Denver Government Assists Going Solar in Denver
On the Denver government website they proclaim that Denver is one of the most solar-friendly climates in the country and climate is the key to making the city’s energy use powered by 100% renewable energy by 2030.
This site offers to help make solar affordable and has published links to many resources when thinking about going solar in Denver, including rebates, and better financial options to help homeowners switch to solar.
The Solar Energy Industries Association provides a Denver Solar Fact Sheet available for you at this link. This sheet is all inclusive contains important information that can help anyone make a educated decision as to whether or not solar will serve them well.
Colorado Provides Perfect Sun For Renewable Energy
EcoGen America states that, “It turns out that Colorado is a very good state for installing solar panels, thanks to its 250+ sunny days in a year. Since solar panels convert energy from the sun into electricity, you enjoy a renewable energy supply all year round.”
The article ends with, “Colorado is one of the best Solar energy states in the US, with remarkably sunny weather for most of the year. As a homeowner, switching to solar panels allows you to save on energy costs, increase home value, and enjoy a reliable power supply and Colorado solar incentives.”
Everyone hopes to up their equity value and there are many ways of doing that when you own your home. Considering solar in Denver is just one way to live on the property and enjoy the savings, while adding solid value. The Denver climate provides so many other benefits besides being solar-friendly.
The U.S. is focused on renewable energy sources and solar installed on your home is just one way to have long term energy while boosting the home value. The specialists at Katchen Company will be happy to assist if you are having any problems making a decision that will impact the value of your most important investment.
In one of our Coffee Talk videos #24, Solar Energy and Your Property, Ed and Kathy talk about solar energy and your property values, this is worth watching.
You will want to review our most recent Market Trends Report from September 2023 published by the Denver Metro Association of Realtors, which can also be found here.
Market trends report 9/2023
