Selling My Home
Contrary to popular belief, solar panels are a great investment to make when planning to sell your home. Whether that process starts in 2 months, 2 years, or any time before or after, installing solar will be worth the hassle.
Adding Home Value
Solar is an easy way to add value to your home. This equity is also tax-free, unlike most other home improvements that increase your property taxes. Aside from the money solar will save you each month as it replaces your electric bills, the system could also make you more money when selling the home. Homes with solar tend to sell for 17% more than homes without. This is due to both the increased value of the home as well as a result of the home selling quicker. Homes with solar tend to sell 20% faster than those without, allowing for homes to sell at the earlier and higher listed selling prices. These factors alone could lead to a solar system installed on a home for sale being profitable, and government incentives could lead to even more profits.
Government Incentives
As of now, a solar installation in Austin would bring in the 26% federal tax credit and the City of Austin $2,500 rebate. These alone can be over a third of the price of the system and be pocketed by the homeowner. When the home is then sold at a later period, the payments can be transferred to the new homeowners, with the seller still keeping the initial government incentives. This can further increase profits on the sale of a home, making solar a smart investment for those selling homes.
Want to add value to a home you are selling or may sell in the future? Fill out the contact form on our website, and we would love to work with you towards a solar investment into your home.
Ryan Sauer
Clean Choice Solar
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