There are plenty of ways to increase your home’s value. Perhaps the first thing that comes to mind is complete remodeling. A fully functional kitchen and bathroom attract more buyers. Similarly, superior quality flooring, ample storage area, and the presence of smart devices have a great impact. What a lot of residents don’t know is that residential solar in New York also increases the home value.

Yes, the increase in the property value is directly dependent on the quality and quantity of solar panels you have installed. A study conducted by the Lawrence Berkeley National Laboratory revealed several insights related to this. This report mentioned that there are 1.1 million+ solar PPV homes in the US, as of 2016. The report also mentioned an increase in the home value by around 14,329 dollars with the presence of solar panels. We also came to know that the presence of solar power systems increases the price by 3.74 percent as compared to the ones that don’t have these systems.

All these points prove that home solar panels installation is beneficial even if you plan to sell your property soon. A good percentage of money invested in the installation can be recovered when you decide to put your home on sale. And if you compute the savings on energy bills, you will realize that it is one of the wisest investments.

Another survey reinforced this idea. The US Department of Energy conducted a survey with 4,000 homeowners that were having solar power. They reported that, even if they had an average-size system, the homebuyers were ready to pay around 15,000 dollars extra. So, there are some long-term advantages of home solar panel installation that the residents often don’t realize.

A lot of residents ask whether it is better to purchase a solar-panel system or lease it. If you are planning to reap the benefits of your solar system by selling the home in future, then leasing is something you should avoid. The home buyers usually avoid taking the responsibility of lease. They don’t like the idea of not owning the system. The incentives in such cases are received by the system’s owner. This is why buying is always better. Even the financial institutions don’t recognize a value if the homeowner hasn’t purchased the solar system.

If you also want to increase the worth of your property with residential solar in New York, you can connect with the team of Promsun. They will install superior quality panels that last for decades. You will enjoy uninterrupted energy supply without spending a fortune. And you can recover a handsome amount when you plan to sell your New York-based property.