Property value boost adds to solar success, says Rexel
Published: 23 May, 2016
This month, research in The Independent revealed that solar panels can increase a property’s value by almost a fifth. Rexel is reminding the industry that the financial case for solar still holds a huge appeal regardless of cuts to the Feed-in Tariff.
According to the study, installing solar panels can increase the value of a home by an average of 17%, while helping it to sell 20% faster.
Steve Everard, head of Rexel Energy Solutions, said: “Despite recent cuts by the government to the Feed-in Tariff, falling costs means that solar still delivers a healthy return on investment and can help to reduce electricity bills by around 50%.
“In this way, a solar PV installation can add additional value to a property while also ensuring a wider appeal for those looking to sell. After all, with energy bills presenting one of the biggest financial concerns for UK consumers, the draw of a 50% reduction is only going to become more and more attractive.”