Report Finds That Solar Panels Will Increase Property Values

The Energy Savings Trust has released a report thatresponded that they would be willing to pay more for
the installation of solar panels on residential propertiesa house with a solar installation. These findings would
would significantly increase the price that house buyerssuggest that despite the initial costs of installing solar
would be willing to pay for those properties. With thepanels, the cash back scheme along with the fact that
government's announcement that the clean energythey will add value to your property will go to add
cash back scheme will be introduced in April 2010, afinancial viability to a renewable energy option which, in
great deal of interest has been stirred in the viability ofthe past has been considered too expensive to
solar power and will undoubtedly see an increase inconsider.
the uptake of photovoltaic (PV) equipment.Regarding the findings, Chief Executive of the Energy
The clean energy cash back scheme, essentially aSavings Trust, Philip Sellwood stated,
feed-in tariff will offer homeowners with solar kits"It seems Britons are willing to pay more for a home
premium rates for surplus energy which they feedwith a renewable energy source so investing in a solar
back in to the national grid. The legislation will oblige thepanel or a wind turbine could add to the resale value
energy companies to purchase the renewable energyof a property and be as attractive to house hunters
units at inflated prices, the costs of which will beas a new kitchen or solid wood floors".
spread across the consumers.While high costs still remain a barrier to renewable
The survey found that out of a total of 2,700 peopleinstallations, the government legislation which will be
who were questioned, over half answered that theyimplemented in 6 months will enable homeowners to
would be interested in looking into whether solar panelscash in on their investments in the long term.
would be suitable for their homes. Similarly, a third