A residential solar panel investment in Northern Colorado is more than just a utility upgrade. It is a home improvement project. So why wouldn’t that help your resale value? PV systems are a highly sought after system when it comes to modern home buying. That also means it can increase the price a home is being sold for. At Sandbox+ Solar, our team can design and install long-lasting systems to give you energy independence now and a higher return on your investment later!

When homeowners think of a residential PV system, they often connect it with lower utilities and energy production as the only benefit. But we look at it much differently. Just like a large-scale kitchen remodel can completely transform the way your home runs, it also gives a higher home value. That’s exactly how solar panels work too! It isn’t just a simple upgrade. It’s a convenient and efficient way to increase your home’s value in the long run while you reap the benefits of it today.

There are a couple of different aspects you can expect when it comes to solar panel installations and how it impacts your home.

The biggest, immediate benefit you can expect from a residential PV system is the fact you will have reliable energy to utilize for anything in your home. At our solar company, we design systems to ensure you get the most energy production every day. Our local solar installers are dedicated to creating a seamless product that looks great on your house but also gives you lasting renewable energy so you don’t have to rely on the grid.

If you own your home’s solar panels, it could increase your property value from 4% to 7%! That is a huge return on your initial investment on your house and your PV system installation. For example, if your home originally costs $500,000 and you add a modern solar energy system you could see a $20,000 to $35,000 increase to your home’s equity.

Home’s with solar panel installations are an attractive amenity especially in Colorado. With high utility prices that continue to rise in order to keep up with grid updates, now is the best time to invest in solar. That also means people are looking to buy a home with solar already installed. If you’re ready to sell your home and have a PV system, it could sell much faster than other home’s without solar.

Residential solar panel installations are a great investment to make. It’s also important to know the difference between a leased system and an owned system. Owned PV systems are much more appealing to potential home buyers because it adds direct value to the property. The buyers will be able to experience the full benefits of a solar energy system and decreasing their utility bill from the start.

Leased PV systems are a bit different though. When a system is leased, it might not actually increase the value of the home. Additionally, it can make the sale process harder if they have to transfer the lease agreement or if the buyer doesn’t want to take on the lease. Don’t leave your sale at risk. Own your residential solar panels to truly feel the benefits now and later.

Solar panels are the perfect solution for homes in Colorado from a geographic and economic standpoint. Our state is known for being a sweet spot when it comes to renewable energy production. But here’s why:

Since Colorado has such a high elevation relative to other states, it gives homeowners a great advantage of getting the most energy production possible from their PV system. Our thinner atmosphere allows for more solar rays to reach the panels so you are truly harnessing the sun’s energy. Additionally, we see 240 days of sunlight on average across the state. We even experience a significant amount of sun on partly cloudy days or during the winter making your investment a year round benefit.

Investing in residential solar panels also gives homeowners the opportunity to get away from constantly rising utility bills throughout the state. Utility rates are expected to increase by at least 6% each year on average. So if you’re looking for a long-term saving solution, a PV system might be the best solution for you. Start generating your own energy today!

Solar panels are a great addition to any home in Colorado but you can make it even better. Don’t forget about battery energy storage systems. This equipment can store excess energy your solar panels produce throughout the day so it is readily available for you to use whenever you need it. From nightly routines and weekend chores to emergency blackouts, a backup battery system in conjunction with solar panels is the biggest power move you can make. Plus, having both systems installed in your home increases the value even more!

Selling your home eventually or just ready to experience the benefits of residential solar panels? Don’t leave money on the table.