In addition to solar being an economical and safe investment, residential property owners can benefit from installing solar thanks to:
Solar Power Homes Appraise Higher
A Cayman residential solar power system will increase your home’s property value immediately! According to the Appraisal Institute, for every $1 reduction in annual electric bills due to the installation of a residential solar power system, your home’s value will increase by $20. In Cayman the appraisal community has agreed on an increased value of CI $12.30.
For example, if you spend $26,000 on a solar power system for your home from EE Cayman, this system may save you around $3,000 in first year energy expenses, which equates to an immediate increase of $36,900 in the resale value of your home. That is more than your initial investment and immediate equity in your home!
Solar Power Homes Are More Marketable and Sell Faster!!
A residential solar powered home is easier to market and sells faster. According to the LA Times, there is a bright spot in the current slow residential real estate market: Residential Solar powered homes are outselling homes with traditional electrical systems. Developers recognize the marketability of Cayman residential solar powered homes and are increasingly including solar energy systems in new home design.
When it comes time to sell, you will have your significantly reduced or zero cost electric bills to show potential buyers. Homes with a residential solar power system have significant sales leverage over homes with traditional electrical systems for sale in your area because buyers love the idea of having lower monthly bills!