Solar panels are the top ‘non essential’ factor in selling homes: ING Direct

Solar PV systems highly desirable in homes for sale

by James Martin II on September 19, 2012

Provided the basics are all there–kitchen, living room, toilet, etc–the most important factor in encouraging a potential homebuyer to go ahead with the purchase would be the presence of solar panels, according to data from a survey by British bank ING Direct. Solar photovoltaic (PV) systems even beat out other “non essential” nice-to-haves such as weekly rubbish collections, satellite television connections, and greenhouses, according to the survey.

38% of the 1000 survey respondents (which ING claims to be representative of the whole UK population) indicated that a rooftop solar installation would convince them to choose one home over another, all other things being equal. Given the lacklustre state of the UK housing market, such an asset could ‘seal the deal’ for a buyer, giving a competitive advantage to those whose homes come equipped with a solar array.

“In today’s housing market you often have to compete against your neighbors to make that sale. Price is obviously king but knowing and promoting ‘deal sealers’ can give you that vital competitive edge,” said ING Direct CEO Richard Doe about the survey results.

The UK Department of Energy and Climate Change (DECC) has released figures showing that over 366,000 households now have solar panels on their roofs–up nearly 350% from last August’s numbers. The rapid uptake in solar panels is attributable mainly to government incentives for solar power (mainly Feed-in Tariffs), and the swiftly falling price of solar PV technology. Thanks to its increasing price competitiveness, solar PV has moved from the province of environmentalists conscious of their carbon footprint to the mainstream–pretty much anyone who cares about saving money on their electricity bills will consider going solar.

Source: PV Magazine

Written By Solar Selections.

© 2012 Solar Selections

Interested in learning more about the financial benefits of going solar? Contact the Solar Selections team today.

sales@solarselections.co.uk

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