Solar Energy
No Responses 27 July 2023

Solar panels are becoming increasingly popular in the UK, as homeowners look for ways to save money on their energy bills and reduce their carbon footprint. But what impact do solar panels have on house prices?

A study by Solar Energy UK found that homes with solar panels sell for more money than homes without solar panels. The study also found that the uplift in value is greater for homes in areas with high energy prices.

Another study, by the Royal Institution of Chartered Surveyors (RICS), found that solar panels can add significantly to the value of a home. The RICS study also found that solar panels are seen as a desirable feature by many homebuyers, and that they can help homes sell more quickly.

Of course, the impact of solar panels on house prices will vary depending on a number of factors, such as the size of the solar system, the age and condition of the property, and the location of the property. However, the evidence suggests that solar panels can have a positive impact on house prices in the UK.

If you are considering installing solar panels, it is important to factor in the potential impact on your house price. However, the evidence suggests that the increase in value may outweigh the cost of the installation.

Here are some additional factors to consider when assessing the impact of solar panels on house prices:

  • The size of the solar system. The larger the solar system, the greater the impact on house prices.
  • The age and condition of the property. Solar panels are more likely to add value to a newer property in good condition.
  • The location of the property. Solar panels are more likely to add value to a property in an area with high energy prices.
  • The demand for solar panels in your area. If there is a high demand for solar panels in your area, the impact on house prices is likely to be greater.

If you are considering installing solar panels, it is important to do your research and talk to Go Greener Energy Ltd.

For further reading on how solar can affect hours prices see:

  1. Solar Power Portal report by Lena Dias Martins (click here)
  2. Scottish Power and WWF report (click here)
  3. Royal Institute of Chartered Surveyors – Affirming the value of solar property (click here)