Does solar PV increase the value of a house?

hardergamer

Raxiel said:

paul991 said:

many of the new build round here  come with  pv , I think 2.4  kw they seem to sell as well as the ones that do not have any

I went to look at some new build houses last weekend, they were very nice, but when I asked if PV was an option, apparently I was the first one who asked (the answer was no). The current round they're building are apparently still pretty traditional with GCH, although the 2024/25 builds will be ASHP.

I can only speak for myself, but while I'd find relatively new panels to be attractive, an older, lower output system (that wasn't old enough to qualify for FiT) wouldn't be very appealing. Wouldn't be enough to make or break a decision by itself either way though.

Interesting, as that's the complete opposite of here in the West Country.  As all around where I am in SW Devon we have had over 10,000 new homes built over the last 2 years, and as far as I can tell they all have solar.

And to answer the OP question, you can gain 10 to 25% on your house value around here by having a modern solar and battery system installed, all our local estate agents have been really pushing people thinking of selling to install solar for the last 4-5 years.

BruceWayne1

Most buyers aren't that enamoured about solar panels. I am trying to sell my leasehold which has solar panels and battery,  generates around ~2MWh/annum, installed on the ground panel and an EPC of B. But not one single viewer had any queries about them. Everybody was more interested that the garden space was reduced.

BruceWayne1

hardergamer said:

Raxiel said:

paul991 said:

many of the new build round here  come with  pv , I think 2.4  kw they seem to sell as well as the ones that do not have any

I went to look at some new build houses last weekend, they were very nice, but when I asked if PV was an option, apparently I was the first one who asked (the answer was no). The current round they're building are apparently still pretty traditional with GCH, although the 2024/25 builds will be ASHP.

I can only speak for myself, but while I'd find relatively new panels to be attractive, an older, lower output system (that wasn't old enough to qualify for FiT) wouldn't be very appealing. Wouldn't be enough to make or break a decision by itself either way though.

Interesting, as that's the complete opposite of here in the West Country.  As all around where I am in SW Devon we have had over 10,000 new homes built over the last 2 years, and as far as I can tell they all have solar.

And to answer the OP question, you can gain 10 to 25% on your house value around here by having a modern solar and battery system installed, all our local estate agents have been really pushing people thinking of selling to install solar for the last 4-5 years.

Which area you in ? Most of the agents in my area have next to no knowledge about PV systems.

ecraig

I think when the new builds all start to be built with solar panels fitted we will see a bigger separation between the older properties without and the properties with.
the real selling point will when the estate agent says “the current home owner used to spend X on their energy per year. Now it’s Y with the panels” to really showcase the saving.
i don’t think the panels will necessarily add a massive positive value to the asking price, but if I had two relatively identical houses in a street for sale and one had panels and the other did not, I would be more eager to buy the property with panels. 

mickyduck55

I know this will not be the case for all solar installs however my solar array has provided me with £2500 tax free income in the last 12 months, that coupled with batteries and TOU tariff  a very low energy bill.  If I was to sell the buyer would benefit in similar fashion for the next 13 years, what's not to like ?

I wish all new properties had solar as part of the build, absolutely minimal cost as labour is already on site along with scaffolding etc.  A small estate close to me has recently been completed and not a single property has solar.

Exiled_Tyke

mickyduck55 said:

I know this will not be the case for all solar installs however my solar array has provided me with £2500 tax free income in the last 12 months, that coupled with batteries and TOU tariff  a very low energy bill.  If I was to sell the buyer would benefit in similar fashion for the next 13 years, what's not to like ?

You are too logical!  Of course you are right but many people don't see it that way. They don't understand solar PV and all its benefits and probably just see it as a hassle.  So I guess it's rare for buyers to properly asses the value of what they are getting.  I, like most people here, go out of my way to get the best out of my system but I came across someone who had spent good money on a PV system and then couldn't be bothered to even think about it. He changed nothing about the way he ran his house to benefit from it.  Is the average house-buyer like him? Even with the energy crisis and smart meters are most people conscious about how they use energy or do they just wait for the bills to shock them? 

Netexporter

A small estate close to me has recently been completed and not a single property has solar.

Sometimes they use solar slates/tiles, so it isn't obvious, although that tends to be on more expensive developments as tiles/slates cost more than panels.

mickyduck55

Netexporter said:

A small estate close to me has recently been completed and not a single property has solar.

Sometimes they use solar slates/tiles, so it isn't obvious, although that tends to be on more expensive developments as tiles/slates cost more than panels.

Sadly not in this case....

BruceWayne1

Exiled_Tyke said:

mickyduck55 said:

I know this will not be the case for all solar installs however my solar array has provided me with £2500 tax free income in the last 12 months, that coupled with batteries and TOU tariff  a very low energy bill.  If I was to sell the buyer would benefit in similar fashion for the next 13 years, what's not to like ?

You are too logical!  Of course you are right but many people don't see it that way. They don't understand solar PV and all its benefits and probably just see it as a hassle.  So I guess it's rare for buyers to properly asses the value of what they are getting.  I, like most people here, go out of my way to get the best out of my system but I came across someone who had spent good money on a PV system and then couldn't be bothered to even think about it. He changed nothing about the way he ran his house to benefit from it.  Is the average house-buyer like him? Even with the energy crisis and smart meters are most people conscious about how they use energy or do they just wait for the bills to shock them? 

Well said.

"Even with the energy crisis and smart meters are most people conscious about how they use energy or do they just wait for the bills to shock them? "

You would be surprised how many people refuse to use LED bulbs to decrease their electricity usage even before the energy crisis. Unless and until they get a hit in terms of money they don't care.

Magnitio

mickyduck55 said:

Netexporter said:

A small estate close to me has recently been completed and not a single property has solar.

Sometimes they use solar slates/tiles, so it isn't obvious, although that tends to be on more expensive developments as tiles/slates cost more than panels.

Sadly not in this case....

I live in a village with 5 large housing developments (not much of a village now) and none of the new houses has solar and all of them have gas central heating. And they aren't cheap houses.