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Does a Solar Installation Increase the future Value of Your Home?

At Versofy SOLAR, we try to stay in stock as far as possible and lower the barrier of entry to solar acquisition in terms of cost, significantly. These are well-covered solar blogs published in the past. But there is one extra perk we’d like to convey that we haven’t focussed…

At Versofy SOLAR, we try to stay in stock as far as possible and lower the barrier of entry to solar acquisition in terms of cost, significantly. These are well-covered solar blogs published in the past. But there is one extra perk we’d like to convey that we haven’t focussed on enough. This is the added value to your residence when selling it solar-ready in the future.   

“Is it really all worth it? 

Won’t loadshedding be over in a year anyway? 

It’s such a hassle and so expensive! 

Nevermind the current waiting times” 

This is the word on the street and some of the opinions we are regularly confronted with. Truth be told, loadshedding in South Africa is here to stay for quite a while and with everyone affected – indeed, the current need is beyond its tipping point. Households, enterprises, traffic and the general well-being of all South Africans have all been dramatically hit with the ominous word called “outage”.

But as with all things, the hard work is temporary and the result is permanent, even when you sell it all off, with the house, one day. 

Does Solar really increase the future value of my home?

Yes, installing solar panels on your home can increase its future market value. According to studies, homes with solar panels tend to sell for more money than those without. The exact amount of the increase in value can vary depending on various factors such as; the location of the home, the size of the solar panel system, and the local real estate market.

A global study by the Lawrence Berkeley National Laboratory found that homebuyers were willing to pay a premium of $15,000 for a home with an average-sized solar panel system in the US. Another study by the National Renewable Energy Laboratory https://www.solarsource.com/blog/studies-show-solar-energy-raises-the-value-of-your-home, found that homes with solar panels sold for 17% more than those without. While this is a US phenomenon, the positive knock-on effect is already beginning to emerge in local property trends. 

What’s the Catch?

No catch except that its a journey to embark on and not a quick fix to avoid Eskom and raise your residential value. Working your way to Solar Parity (paying the same for Solar as you would via Eskom) is a process, and then some, to go through the paperwork to qualify for your rebate. Acquiring solar panels for the home, alongside other critical components  takes time and, depending on who your provider is, you could get caught up in backlogs with regards to solar hardware. 

How The Local Real Estate Industry Feels about Residential Solar Investments

Its a topic that her been generating much debate lately. But MyProperty.co.za has a very interesting take on this in a recent article highlighting what the real estate industry has to say about it on our local shores:

“What I will say is that adding residential solar power to your home is an expensive exercise. Those who do go to the trouble of having it installed are unlikely to sell anytime soon. This could mean that the demand for solar-powered homes could potentially outstrip supply, which could subsequently push up the price of these homes.” 

Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa.

Specialist Cape Town real estate agents have similar responses.

“It (a solar-installation) is now one of the first questions a potential purchaser asks as they enter the property. The solar panels actually become a feature on a home and clients don’t seem to be put off by their visual appearance as they are more interested in their performance. With persistent loadshedding and increasing electricity prices, it really is the only way to go – especially if you are working from home.”

Karryn Cartoulis of RE/MAX Living in Cape Town.

But what must be mentioned however is the quality of the solar installation and products used. First-Tier products with certification like the batteries, panels and inverters we supply at Versofy SOLAR are essential to guarantee the longevity of any residential solar energy system and to maximise its worth when your home gets valued for future sale. 

No Carbon Footprint – Just A Floating Feeling

It’s a float without the gloat to blissfully live with the responsible reassurance that you have secured excellent benefits to enjoy for yourself in future. All while reducing your carbon footprint substantially. In fact, remember that a hybrid smart inverter will store your batteries to capacity and then feed the rest of the national power grid by diverting all surplus energy raised to it. 

So its extra special to know that you can experience a product so positively, that it holistically and literally helps everyone else out that can’t afford it, at the same time.


When joining the Solar queue is worth the wait

Yes not all installers and suppliers can serve you immediately. We try our best within this solarstorm of demand. Should you hit a period when you need some patience, regard this as a checklist of benefits to help you keep the eye on that prize of, future increased property value, for motivation:

  • No Loadshedding
  • Saving on Energy Costs 
  • Reduced Carbon Footprint
  • Assisting the Grid
  • No Upfront Capital Lost
  • Potential Solar Rebates, via Net Metering
  • Rent-to-Own Solar Solutions 
  • Full Solar Financing
  • Oversight and Maintenance

Versofy SOLAR – your partner in increasing your home’s future value 

This is the five-year plan. Step by step, day by day, month by month and year by year until suddenly, like your home, its yours! Uninterrupted, with next to nothing going to Eskom, and with guaranteed output always residing at your residence. 

Whether you would seek a manageable solar payment plan to own your own system after 5 years, or wish to test the waters through our Solar as a Service plan, Versofy SOLAR offers qualifying households a variety of flexi-payment options to switch to solar today. Backed by the added appreciation, should your home go under the auction hammer in the future.

It may take a while to dot the i’s and stripe the t’s, but after you qualify we can hook you up to the sky faster than Eskom can hike its tariffs! 

Join the energy Revolution and switch to Versofy Solar today!

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