Can solar installation increase your home value in Singapore?
Solar installation for your home in Singapore does not only lowers your electricity bills, but can also potentially increase your home value. Interested? Find out more.
The benefits of solar as a renewable energy source are immense. For Singapore, solar energy offers a clean way to generate electricity that generates minimal emissions while also contributing greatly to the security of Singapore's electrical grid. In fact, the country recently achieved its goal of deploying 350MW of solar by 2020 and, according to a recent report, now generates enough clean energy to power about 60,000 households. Singapore's investment in the rapid advancement of solar energy, along with the creation of policies that address issues regarding land constraints and weather issues, has played a key part in this growth and successfully helped the country become more green and efficient.
One of the most promising aspects of solar energy in Singapore is the benefit it provides homeowners. Not only does having solar panels for home make your electricity bill go down, it can also make your home value go up. Here's how.
In what ways does solar energy benefit homeowners?
Some of the most common misconceptions around solar energy include that it can't produce enough energy to power your home, it isn't reliable, and it can be too expensive for the average home. But none of this holds true if you do a little bit of research. Solar panels for home use have advanced greatly in the past decade. This has led to them being more efficient and widely produced, so actually, the main benefits of solar installation in Singapore directly contradict these misunderstandings.
For example, three of the main reasons you should consider solar energy include:
- Saving money – solar panels will lower your electricity bills over time and more than cover any installation costs in the long run.
- Efficiency – as long as you choose the right ones, solar panels for home use are highly dependable and help you store extra energy for your home.
- Environmentally friendly – solar panels don't contribute to global warming as they're a renewable energy source. They're also long-lasting and can currently be used for up to 25 years.
Is going solar for you?
Of course, all this still begs the question, is going solar for you? There's no easy answer and you have to decide what's right for you. Some of the major things you should consider before making the switch to solar energy in Singapore include the upfront cost, space requirements, the environmental impact of manufacturing, and how long you're planning to stay in your home. However, it's just as important, if not more, to consider what you'll gain. This includes cheaper electricity, energy independence and insurance against rising energy prices, and a clean conscience when it comes to your energy footprint. But there's also a hidden value to solar installation in Singapore, and that's it's impact on the price of your home should you choose to sell it.
Increase your home value when you make a switch
More and more people are engaging with solar companies in Singapore to make the switch to cleaner energy. As solar becomes more prominent in the country, people wanting to sell their homes without them already installed might find themselves falling behind when it comes to essential features. By providing cleaner, cheaper and more efficient energy, solar panels for home use in Singapore indirectly raise the value of your home for prospective buyers.
If you want to find out more about what benefits solar energy can offer you, get the help of a leading solar company in Singapore like SolarPVExchange to manage solar installations for residential use.