{"id":55789,"date":"2021-11-09T05:40:09","date_gmt":"2021-11-08T19:10:09","guid":{"rendered":"https:\/\/www.solarquotes.com.au\/blog\/?p=55789"},"modified":"2021-11-09T05:40:09","modified_gmt":"2021-11-08T19:10:09","slug":"solar-home-value-mb2226","status":"publish","type":"post","link":"https:\/\/www.solarquotes.com.au\/blog\/solar-home-value-mb2226\/","title":{"rendered":"By How Much Do Solar Panels Increase Home Value?"},"content":{"rendered":"

\"Solar<\/p>\n

There are a bunch of articles around indicating installing a solar power system can substantially increase the value of a home. Be aware of devil in the detail of some of the eye-popping estimates.<\/p>\n

Australia certainly lives up to the Lucky Country label when it comes to solar, enjoying some of the cheapest prices in the world. Quite a few claims pegging PV’s property value boosting power come from the USA, and the situation there is very different to Australia.<\/p>\n

For example, SolarQuotes’ Australian Solar Price Index<\/a> indicates the average price paid for a 10kW solar system in Australia<\/a> in October was around $9,300 – $9,400 after rebates and including installation. In the USA in July, the same system cost around USD $20,300. This is approximately AUD $27,350 at current exchange rates and approaching triple the cost in Australia.<\/p>\n

There are also undated estimates on a few local web sites indicating each kilowatt of solar installed can improve the value of an Australian home by up to $6,000. The original source of this figure isn’t clear, but perhaps it is based on quite old US information.<\/p>\n

And speaking of age – how old the system is should also come into play.<\/p>\n

While cost and value are different beasts, it’s hard to imagine a 10kW solar system – even a top quality installation – increasing the value of an Australian home by $58,000 – $60,000 these days. The same goes for a 12-year-old 1kW system pushing the sale price up around $6k.<\/p>\n

In the case of the latter, the new owners might be looking to get that off the roof as soon as possible and replace it with a bigger system. To some potential buyers, a tiny old system may be seen as a liability.<\/p>\n

The Good News<\/h2>\n

While the amount a solar power system can add to the value of a home is debatable and will be in the eye of the beholder (buyer), what isn’t are the benefits solar energy can bring to the current occupants.<\/p>\n

If you’re considering installing a system and intending on keeping the property for a while, don’t fret too much about what it may add to home resale value. Focus on what it can do for you while you live there – and you can get an estimate on payback and savings by using this nifty solar calculator<\/a>.<\/p>\n

Consider Solar Quality<\/h2>\n

Whether you’re installing a system or looking to buy a home with panels already in place, it’s very important to consider installation quality,<\/p>\n

While there’s little doubt a home with solar panels is perceived by many Australians to increase its value and could help it sell (maybe for significantly more), perhaps Australian home buyers are becoming savvier in understanding that not all solar installations are equal.<\/p>\n

This goes beyond the brand of solar panels<\/a> and solar inverter<\/a> used. A system can have the best components, but an incompetent installer can really make a mess of things – and this can have electrical safety as well as system performance implications.<\/p>\n

There are plenty of great solar installers<\/a> in Australia, but also not-so-great ones. It wouldn’t be unreasonable to suggest the work of the latter is on many thousands of rooftops across the country. You don’t want that standard of installation on your house, and any potential negative effect on your property’s value is another good reason to choose wisely.<\/p>\n

And if you’re in the market for a new residence, pick up some tips on buying a home with solar panels already installed<\/a> – this advice could save some headaches and heartache down the track.<\/p>\n","protected":false},"excerpt":{"rendered":"

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USA","author":"Michael Bloch","date":"September 13, 2021","format":false,"excerpt":"A push by the USA's solar industry for better policies is a reminder of why Australia is still very much the lucky country for small-scale commercial and home solar power. Last week, the White House released the Solar Futures Study from the U.S. Department of Energy indicating solar power could\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Comparing solar prices - USA vs. Australia","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/09\/solar-usa-australia.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/09\/solar-usa-australia.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/09\/solar-usa-australia.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/09\/solar-usa-australia.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/09\/solar-usa-australia.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":24767,"url":"https:\/\/www.solarquotes.com.au\/blog\/solar-power-installations-australia-mb0771\/","url_meta":{"origin":55789,"position":2},"title":"Another Record-Breaking Year For Solar Power In Australia","author":"Michael Bloch","date":"October 4, 2018","format":false,"excerpt":"Australia's Clean Energy Regulator estimates 1,600 megawatts (MW) of small scale solar capacity will be installed this year, a 44% jump on 2017. It may wind up being more and even at 1,600MW, it will be another record-breaking year. In its small-scale technology certificate market update for October 2018, the\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Small scale solar power in Australia","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/10\/stc-solar-australia.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/10\/stc-solar-australia.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/10\/stc-solar-australia.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/10\/stc-solar-australia.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":34627,"url":"https:\/\/www.solarquotes.com.au\/blog\/solar-installation-forecast-mb1275\/","url_meta":{"origin":55789,"position":3},"title":"Australia’s 6.5 – 7kW Solar Power System Installations Quadruple","author":"Michael Bloch","date":"November 1, 2019","format":false,"excerpt":"Australia is set to have another huge year for small-scale solar installations according to figures and a forecast released by the Clean Energy Regulator yesterday. In its small-scale[1. \"Small-scale\" refers to solar power systems <100kW capacity] technology certificate market update for October, the Regulator notes a 30 per cent increase\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Solar energy systems - Australia","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/11\/solar-installations-australia.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/11\/solar-installations-australia.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/11\/solar-installations-australia.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/11\/solar-installations-australia.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/11\/solar-installations-australia.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":40677,"url":"https:\/\/www.solarquotes.com.au\/blog\/australia-usa-solar-prices-mb1571\/","url_meta":{"origin":55789,"position":4},"title":"Australia The Lucky Country For Home Solar Power","author":"Michael Bloch","date":"June 22, 2020","format":false,"excerpt":"There's been some buzz about Tesla slashing the prices of its home solar offerings in the USA. The reduction still makes going solar in Australia look like an absolute bargain. Electrek reported last week Tesla has reduced pricing of its solar installations as it attempts to ramp up its energy\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Australia vs. USA home solar prices","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/06\/australia-usa-solar-prices.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/06\/australia-usa-solar-prices.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/06\/australia-usa-solar-prices.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/06\/australia-usa-solar-prices.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/06\/australia-usa-solar-prices.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":61242,"url":"https:\/\/www.solarquotes.com.au\/blog\/solar-prices-apr22-mb2446\/","url_meta":{"origin":55789,"position":5},"title":"Australian Solar Prices: April 2022 Update","author":"Michael Bloch","date":"April 25, 2022","format":false,"excerpt":"The average cost per watt for solar power systems dropped in some Australian states and rose in others in March 2022. Here's a look at what happened where. Average installed cost per watt in March dropped by 4c in Queensland, 9c in the ACT, a whopping 17c in Victoria and\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Australian solar prices - April 2022 update","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/04\/price-index-april.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/04\/price-index-april.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/04\/price-index-april.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/04\/price-index-april.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/04\/price-index-april.png?resize=1050%2C600&ssl=1 3x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/55789","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/users\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/comments?post=55789"}],"version-history":[{"count":24,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/55789\/revisions"}],"predecessor-version":[{"id":55814,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/55789\/revisions\/55814"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/media\/55790"}],"wp:attachment":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/media?parent=55789"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/categories?post=55789"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/tags?post=55789"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}