Household

Going solar increases house prices by £32,000

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

Rozi Jones
|
20th August 2020
solar
"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."

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.”

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