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Solar panels will make your house more valuable – but only by half as much as they cost

Installing solar panels on a property can add more than £3,000 to its value, but the equipment still costs more than double that sum to buy and install.

Interest in the green panels has hit a five-year high as homes are hit with significantly higher energy bills. They typically amount to 2 per cent of the price of a house, according to Solar Energy UK, a trade organisation.

New figures compiled for the Telegraph showed that installing solar panels would add between £1,070 and £3,110 to a London terraced house costing an average of £553,729.

A £489,791 single-family home in the South West would see a price jump between £946 and £2,751, while a £231,679 semi-detached in the West Midlands would see a premium of £1,594 to £2,428, the research says.

Installing solar panels typically costs around £6,500, more than double what would add to a home’s value at best, according to the Energy Savings Trust.

Homeowners will usually be happy about lower energy bills after installing the devices, but those who don’t plan on staying in their home for several years will likely lose money installing the devices because they won’t enjoy cheaper bills .

https://www.telegraph.co.uk/money/consumer-affairs/solar-panels-will-make-house-valuable-half-much-cost/ Solar panels will make your house more valuable – but only by half as much as they cost

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