The Solar Guide

Does Solar Add Value to Real Estate?


 

Yes!

 

And there is some good research to back this up.

 

According to the ABS almost 1 in 4 Australian households have a solar powered system installed on their roof.


 

Home Owners

85% of respondents to an Australian survey conducted by Origin identified solar rooftop panels as something which adds to a property’s value.


 

Property Investors

A 2015 survey of renters by realestate.com.au found three quarters would pay additional rent to live in a property with solar energy. Two out of five respondents saying they’d be willing to pay an extra $10 a week.


 

How much?

There is no definitive figure. American research reported here and here shows increases in value of between $15,000 and $25,000 for a 5kW system.

 

A report from the Australian Bureau of Statistics in 2010 suggested that increasing the energy rating of a house worth $365,000 by just half a star could increase its value by an average of $4,500.

 

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Pro Tip: Just because you can’t see them doesn’t mean they’re not there. The majority of solar systems are installed on the side or back of roofs.


 

Ask us

Is your quote different to our price range? The brands you’ve been quoted aren’t here? Ask us!

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Parker Lane is a trading name of Upside Downside Pty Ltd. Australian Credit License Number 482276

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