Solar panels in Long Island are among the most valuable home improvements that you can make today. Clean and efficient, solar energy at home can reduce your carbon footprint and your electric bill. With independence from the grid throughout most of the year, you’ll enjoy significant savings, even when paying off solar panels in Long Island.
Solar could even make your home more desirable if you put it on the market in the coming years. If you’ve wondered “how do solar panels affect my property value on Long Island?” we’ve got some information you shouldn’t miss.
Solar Panels in Long Island Do Increase Property Value
The answer to the question is simple: Solar panels in Long Island will increase your property value.
This isn’t just speculation. Numerous studies have been performed in the real estate industry. One 2019 study by Zillow Group found that homes with solar sold at a 4.1% premium compared to similar homes without solar, on average, across the United States.
Looking at New York specifically, the premium was even higher. The study found that homes with solar sold with a 5.4% premium. If you’re familiar with Long Island’s ridiculous electricity prices (let’s face it, we all are) then it will become obvious why that premium exists.
When a buyer looks at a house with solar panels, they see two things…
- They don’t need to pay for a Long Island power solutions system installation.
- They will enjoy low electric bills when generating most or all their power from solar.
In short, your investment in green energy in Long Island will become an asset that goes beyond your own usage. If you choose to sell your home, the solar system will be a compelling feature for buyers.
Long Island Power Solutions Systems are Durable
If you invest in along island power solution system today, you can expect to get at least 25-Years of life from your system. We warranty our systems throughout this whole period, so you’re covered for defects in panels, design, and installation. Experts believe that panels have the potential to last much longer, with some installations lasting up to ten years beyond the warranty period. In our experience, we expect that most systems will last up to 30 years, so your investment is for the long-term.
This means that even if you use your panels for five or ten years, you’ll still be able to sell your home with a solar system that still has maybe fifteen years left in it. Buyers will appreciate the convenience of having solar ready to go when they take ownership of the property.
Add Value to Your Home with Green Energy in Long Island
Solar is the best form of green energy in Long Island, and it’s the only type that you can install on your roof with convenient financing and generous state and federal tax benefits.
So, when you ask, “how do solar panels affect my property value on Long Island?” all you need to remember is that they increase it by a significant percentage.
To get started with an energy evaluation, choose your local solar experts. Long Island Power Solutions is the best company for a durable solar installation that will provide a long-term return on your investment.
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