Let the Sun Shine In: How Solar Panels Can Boost Your Home's Value in Kansas and Missouri
More homeowners in Missouri and Kansas are looking to invest in solar energy for their homes. Beyond the environmental benefits, installing solar panels can also significantly increase the value of your property. In this article, we will explore how solar energy can boost your home’s value in Missouri and Kansas, and we will refer to studies from Pearl, Zillow, and Energy.gov to support the estimated increase in home value.
Studies show that adding solar panels to your home can increase its value by up to 4.1%. A report by Pearl Certification, a national firm that certifies homes with high-performing features, found that homes with solar panels can sell for up to $15,000 more than those without. The report also found that homes with solar panels sell on average 22% faster than those without, indicating that solar panels are becoming increasingly attractive to home buyers.
Brighter Futures: How Solar Energy Can Increase Your Home's Worth in Missouri and Kansas
Another study, conducted by the real estate database company Zillow, found that homes with solar energy systems sell for an average of 4.1% more than those without. The study analyzed homes across the United States and found that the increase in value varied by location, with homes in California and the Northeast seeing the highest gains. However, even in areas like Missouri and Kansas, homes with solar panels are more likely to sell quickly and for a higher price.
In addition to increasing the value of your home, solar energy can also save you money on your monthly energy bills. According to Energy.gov, homeowners who install solar panels can save an average of $600 per year on their energy bills. This is because solar panels generate electricity directly from the sun, reducing your reliance on energy from the grid. With Missouri and Kansas receiving plenty of sunshine throughout the year, solar energy can be a cost-effective and environmentally friendly way to power your home.
Furthermore, installing solar panels on your home can also be a great investment opportunity. In addition to the immediate financial benefits of increased home value and reduced energy bills, solar panels can provide a long-term return on investment. According to EnergySage, an online marketplace for solar panels, homeowners in Missouri can expect to see a return on investment of 9.3% over 20 years, while homeowners in Kansas can expect a return of 8.2%.
It’s worth noting that the exact increase in your home’s value will depend on several factors, including the size and quality of your solar energy system, your location, and the local real estate market. However, the general consensus among real estate experts is that solar panels can be a valuable addition to any home.
