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How does solar power increase your home’s value?

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Solar power could be the best way to increase your property’s value, as well as reduce your energy bill.

For many people, their home is their biggest asset and maintaining it properly is crucial to ensure to ensure it holds its value. Maintenance and upgrades of your property can enhance your lifestyle, and hopefully help hold or improve your property’s market value.

Increasing the value of your home makes a lot of sense, but what is the best way to do this? Not all renovations or changes increase the value enough to cover the cost of having it done. This may not matter so much if you intend to stay in the home for many years and will get a lot of pleasure and value out of the renovation yourself.

Take a pool

For instance, a pool costs quite a lot to install and maintain and does not always increase the value of the home because not everyone wants a pool. By having a pool, the selling reach of the home may be limited to exclude seniors, couples with toddlers or others who may not want to bother with a pool. That said, younger couples without children and those with older children are more likely to be attracted to this addition to your property. It is also possible to overvalue the home compared to the neighbouring homes and find that it just won’t sell for the extra money in that location.

What about solar power?

Solar power is one improvement much more likely to improve the value of the home over many other more costly improvements. Why? Everyone needs electricity or some form of power in the home; if the cost of using electricity can be reduced by installing solar power, people will certainly view your home favourably when it’s offered for sale.

Solar assisted hot water systems have been around for many years, so people have become more used to solar power than other alternative forms of energy. There are many more solar panels on the roofs of residences these days than there were even five years ago. Statistics indicate that up to 19% of the Australian population now uses solar of some kind in their homes, whether it is just to assist with water heating, or a complete solar power unit that feeds excess power back into the grid.

The public favours solar panels

Since solar power is viewed so positively by most of the Australian public, it follows that this can be a selling point for the home. Research indicates that the more solar panels there are on the roof, the higher the value of the home – with an estimated increase of almost $6000 dollars per kilowatt of solar power. This indicates a rise of over $29,000 in the retail value of the home for a 5kW installation.

Since the price of electricity is expected to rise in the future, the advantages of having solar power will become even more evident.

Selling quickly is part of the equation

You will probably realise that when you put your home on the market, it is difficult to achieve other goals until it is sold. It is like putting your life on hold until the right buyer comes along and signs on the dotted line. Only then is it possible to move on with your own life and get settled in a new environment. If the home does not sell quickly, it can be very frustrating.

Having solar panels installed on a home can make it sell more quickly. Compared to other homes without solar power, your home could sell up to 20% faster. This too, is part of the value that solar power can add to your home and your life.

Staying with it

Even without selling the home, the advantages of having solar power installed can still be enjoyed. Over the years, the savings made will recoup the cost of the installation and go on to save on the cost of the power bill. So in short, one of the best ways to add value to the home is to install solar power. Not only will the resale value of the home be increased, there will be the benefit of future savings if you don’t sell.

Why public perception matters

Research and surveys indicate that the general public not only favour solar panels, but actually prefer homes with solar installation over those without in many cases. This includes renters, many of whom who would be willing to pay extra rent for a home with solar panels. Therefore, landlords looking to increase the value of their rental homes can benefit from this trend also. Not only can they charge more in rent, but because renters actually prefer solar power, such homes are more likely to be rented out all the time, instead of being left empty while all those interested in renting turn to the homes with solar panels. All landlords will recognise the value in that.

Henry Ruiz, Chief Product Officer of the REA Group states, “Having solar panels installed on your roof represents a valuable investment in your property, as this research shows.”

Hints for using solar power

The savings made when using solar will depend on the location of the home and the power of the solar unit that is installed, as well as the cost of electricity in your area. Here are some useful tips to get the most value from solar power.

  • Since power is produced during daylight, using it during the day is most beneficial. For instance, take showers and do the laundry in daylight hours.
  • Change your water heater to heat up during daylight, rather than the off-peak hours at night many are switched to.
  • Use LED lights or bulbs that save energy in the evenings.
  • Use the air-conditioner to cool the house during the day and switch it off at night.
  • Make sure the pool pump is set to run during the day, not the night.
  • Replace old appliances such as refrigerators that tend to gobble up power.

Technology

How thin can solar panels get?

solar paper panels
solar paper charging
solar paper comparison
solar paper backpack
solar paper magnets
solar paper lcd

Solar panels called ‘Solar Paper’, due to their small size and weight, can now be used to charge a whole host of small appliances such as mobile phones or laptops.

Remember when computers were too heavy to lift? Depending on how old you are, maybe not. Either way, now they can fit into a pocket and the weight is barely noticeable. The same thing has happened with solar technology. First presented as heavy solar panels – that needed a lot of muscle to get them onto the roof –we are now at the other end of the spectrum. Solar panels called ‘Solar Paper’, due to their small size and weight, can now be used to charge a whole host of small appliances such as mobile phones or laptops.

Solar Paper fits into the pages of a book rather like a bookmark, only it’s a bit bigger than most bookmarks at 19x9cm and just 4mm thick. At the top end there is a USB charging port 11mm thick. Each ‘page’ of this solar panel device provides 2.5W of power. At 128gm you can easily stick two or three together and use them to charge up your phone, external battery, camera and other devices. In fact, four solar panels can be joined together to juice a larger device such as a laptop. And don’t worry, the devices are embedded with magnets so you won’t lose them.

Why would we want this?

Solar Paper is ideal for the person on the go who does not have time to take their phone home and wait for it to recharge. You don’t even have to find a power point to plug in your usual phone charger. Solar Paper means you can get power from the sun while you’re walking down the street, enjoying a coffee at an outdoor cafe, waiting to play tennis or riding a horse. It’s also ideal for camping, when there’s often no power available.

The best features

A nifty feature of Solar Paper is that it turns on automatically. Previous models switched off whenever a cloud hid the sun or if you walked through a shadow. They had to be rebooted manually. This could be annoying and frustrating, especially if you were busy and didn’t notice the shadow.

Another feature is the LCD screen that tells you how much power is being delivered at any one time. The advantage of this is that you can easily choose the correct angle of orientation to the sun for the best result. It also helps you understand how different kinds of weather will affect its ability to charge your device.

It’s water resistant, which is handy if a sudden shower strikes when you are out and about, or if your little brother sneaks up with a water pistol. There are also grommet holes, allowing you to attach it to things such as the outside of your backpack. So you can put it to work charging your phone while you are out on the go.

Why is it different to what is already available?

Many devices such as this that are already available don’t work because they’re too small to generate the amount of power needed. Others are too bulky to carry around easily. The new Solar Paper works well on just one panel and you can boost its power by adding up to three more panels, depending on the device you need to use it for most. These panels can still fold over for ease of transport when you are not using them; the magnets ensure that the parts will stay together.

Solar Paper solar panels are easy to carry around due to its compact size and light weight; you’ll hardly notice it. It certainly fills a niche, giving us a product we can trust to do the job we bought it for. And talking of buying – it is very affordable, given the usefulness it provides. You will no longer have to worry about your phone battery running out just when you need it most.

Upgrade by adding more

Three panels are advised for charging a Smartphone; this will be enough to charge it even in cloudy weather. The single panel will charge an external battery, iPhone 6 or Samsung Galaxy while four will be needed to charge an iPad Air 2.

Being able to decide on the amount of power – and therefore pages – you will need gives added versatility to this device. If you start off with the smaller size and find it is not quite enough, it is a simple matter to upgrade by adding another panel to the original. When the design of anything has obviously been well thought out, the result is something that almost everyone finds practical. Maybe one day something smaller and better will come along, but for now this has filled the niche, admirably ticking all the boxes of size, weight, affordability, ease of use and reliability.