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Home » News » News » Going solar increases house prices by £32,000

Homeowners can also save £27,500 on electricity bills over a 30-year period.

New research reveals that installing panels on properties can increase house prices across the UK by £32,459 on average.

Solar panel specialists EffectiveHome, found that the sale prices of properties that have gone solar across the UK have increased by 14% on average.

When analysing ten of the UK’s largest cities, homeowners in London are the real winners – seeing the average price (£686,321) of their property leap in value by £90,000.

In Bristol, solar panels can add £45,142 to the average property value of £322,444, followed by £40,095 to the average value (£286,397) of a property in Edinburgh.

By going solar, homeowners are expected to save £27,500 on electricity bills over a 30-year period.

Dan Graby, director at EffectiveHome, commented “With house prices currently experiencing a mini boom, it’s interesting to see what impact solar energy and benefits such as reduced energy bills and lowering carbon emissions is having.

We hope our findings are a welcome surprise to property sellers across the UK who may be unaware that making energy efficient changes to their home, can make such a significant contribution to its valuation. There is a clear appetite amongst homebuyers to move to a property which is sensitive to spiralling energy prices, global warming and the environment we live.”

[Source: propertyreporter.co.uk , 20 August 2020]

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