Home Improvement Idea That Increases Your Property Value
updated at : Tuesday, January 17th, 2017
Make improvements to your home that increase property value! Many homeowners struggle to combine home improvement that increases property value and an investment that pays for itself. Installing a solar energy system on your rooftop is a home improvement idea that is worth exploring for achieving both. This home improvement idea will not only increase your property value but also slash your electricity bill by 90 percent.
Increase Your Property Value
Installing a solar energy system on your rooftop is a great home improvement idea that will increase your property value. It will not only increases the value of the property but make it more marketable. Research has shown that homeowners who have installed solar energy systems have a major advantage in the selling market. The average increase in price for a home with a solar power system is about $4 to $5 per watt. A house in California that uses a 5 kW solar power system will add about $20,000 to $25,000 to their resale price. Overall, the resale value of your home will increase based on your solar energy system size.
Pay With Federal Solar Tax Credit and Solar Rebates
Some states have FREE money opportunities known as solar rebates. The solar rebates run 0-50 percent. When you invest 20k in a home improvement idea with the potential of receiving 80 percent of that back – that is great. You are guaranteed to get 30 percent of the investment back from the federal government, and 0-50 percent back from your state government. Your net home improvement investment is reduced significantly.
Slash Electricity Bill By 90 Percent
You will be adding $20k to $25k to your resale price. You will be investing a minimum of $8000 or a maximum of $14000, while increasing the property value by $20-25k. Installing a solar energy system is a great home improvement idea that will increase your property value. This will also put lots of green cash into your pocket as well as a slashed electricity bill. If you keep the house for long enough, the investment will be paid for by the savings generated from reduced electricity bills. Your electricity bill will be about 90 percent lower if your solar energy system is sized properly. You will be doing your part in reducing greenhouse gases and leaving a healthier planet for your kids.
Installing a solar energy system is a great home improvement idea that increases your property value, pays for itself, slashes the electricity bill by 90 percent and reduces greenhouse gases.
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