Solar Increases Value Of Homes

Solar Increases Value Of Homes

Did you know that solar increases value of homes and buildings? It’s easy to see how solar saves money to the occupants of a home by providing energy and reducing monthly bills. If it comes time to sell a home with solar, there’s good news on savings there also: A recent study* by the Department of Energy has shown that homes with a solar system can sell for higher prices and with shorter selling cycles in North Carolina. At the same time, solar does not increase a home’s tax assessment costs.

In North Carolina, homes with solar sold a whopping 33 days earlier than comparable non-solar homes.

Sell Your Home Faster

Avg Days on Market

Adds Value To Your Home

The study indicates that many homebuyers will willingly pay a premium. It found that for every kiloWatt added, $2680 is added to the price of the home in North Carolina. To put that into context, Renu Energy Solutions’ average customer will buy a 5 kiloWatt system and receive a $13,400 boost to the appraisal of their home’s value. Researchers noted a strong premium correlation across all 7 states they studied.

*Referenced Study: Appraising into the Sun, by Sandra Adomatis and David Hoen at Lawrence Berkeley National Laboratory.

Make The Switch To Home Solar Today

Because solar increases value of homes, we’re more than happy to be involved in the improvements! Switching to solar energy is now more affordable and more accessible than ever. Renu Energy Solutions offers $0 down financing in available Solar PV Systems.

We understand every family’s budget, energy goals, and priorities are different. That’s why we create a custom plan to reduce each customer’s electric bill.

Frequently Asked Questions About Solar for Your Home:

How exactly does going solar and a solar system itself work?
Solar energy begins with sunlight that hits the panels to produce energy that flows into your inverter, which converts the DC energy into Alternating Current (AC) electricity that can be used to power your home. This same energy is then consumed when powering your home’s light, appliances, gizmos, and gadgets. If you feel your home isn’t producing the energy that it needs, the utility will fill in the gaps. If you system produces more energy than needed, that energy will go to the grid and your utility will credit you for the unused power.
How many solar panels do I need for my home?
At Renu Energy Solutions we design our solar panel systems size based on three main factors.

Roof-size/available space: When we look at the size of your roof and the space available, we gather data that tell us the maximum number of solar panels your home or site can hold and we even consider shading. We use a software “Suneye” which takes a 360 picture of your roof and we use this photo to determine if your home is a good candidate for solar.

Energy Usage: When we determine energy usage we look at your past electrical bills from over the course of a year to make sure your system isn’t too big or too small.

Your Budget: We take your budget seriously and most importantly, we want you to be satisfied with our services. We take your feedback on how much you want to spend so that we can size your system appropriately.

What is solar net-metering?
Net-metering is a type of utility policy that controls how your system is connected to the grid and how you are credited for the solar energy you produce.
Does Duke Energy offer net-metering?
Yes! Both Duke Energy Carolinas and Duke Energy Progress territories in NC offer net-metering when your homes goes solar. If you are interested in net-metering, no worries. Our team will guide you through the process as certain utilities have a different application procedure.
Curious about the cost of a home solar system?
When our clients ask this question, we immediately tell Tham about the federal tax credit that comes with going solar. The Federal tax credit for going solar is 26% in 2020. For example, if the total cost of you system was $22,000, when you subtract 26% you are then left with a %16,280 solar system. There is not set price for a home going solar as there are many factors that contribute to the total cost. The price of a solar home can range from $10k to $100k based on the size of your roof, energy usage, aesthetic preferences, and of course, budget.

Start Your Solar Journey Now!

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