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Do Solar Panels Increase Your Home's Value?

Writer: Solaready PHSolaready PH

Updated: Jul 16, 2024

Are you planning to invest in solar panels? Be part of the growing Filipino families who are switching to a cheaper and cleaner source of energy.


Entrust a most trusted solar company to help you see the worth of investing in solar panels. Let’s discover how high-quality solar panels bring fortune to your home.



Benefits of Investing in Solar Panels


Majority of the homeowners are aware of a number of advantages associated with solar panels, including cheaper energy costs, a smaller carbon footprint, and the potential for significant tax credits. Aside from these benefits, solar panels increase your property value like you never expected.


Making Homes Premium with Solar Panels in the Philippines


According to a study, great financial gains are not the sole benefit of investing in a solar system. Investing in a solar energy system will undoubtedly raise the value of your house. However, purchasers are increasingly willing to pay more for a property with a solar system since solar panels are now seen as upgrades, much like a remodeled kitchen or upgraded attic. Homes with solar panels and energy-efficient features sell more quickly than those with higher energy usage.



Still can't picture how this works? Let a most trusted solar company help you. At Solaready, our consultant has a great experience and is well-knowledged when it comes to renewable energy.


Why is this important? Because consultants will help you get the best deal according to your needs and budget. They will help you gain knowledge about how different types of solar panel systems save you from the misery of the nonstop increase of Meralco bills.


Investing in solar panels will increase your property by up to 5%. Interestingly, many potential buyers of property choose a solar panel set-up rather than with pools or bigger lawn. It’s more beneficial to enjoy bigger savings as energy costs will continue to increase.



Will Solar Always Add Value to Properties?

Of course yes! The value of your property is unlikely to ever be negatively impacted by a well-maintained rooftop solar installation. Buyers are likely to pay extra for a home with roofing that is suitable for future solar panel installation, even if you don't already have any.


Further, solar rebates vary in local government units in the Philippines. In Iloilo city, where power interruption is rampant, homes that are investing in solar panels enjoy up to 20% incentives.



More Solar Incentives for Filipinos


So when you are planning to invest in solar panels, check the solar rebates that you can get so you will know the payback period of your money. Respectively, a Memorandum Circular (MC) 2023-006 signed last Oct.16 updated the guidelines on giving incentives on energy efficiency and conservation (EE&C) projects under the special laws listing of the 2022 Strategic Investment Priority Plan (SIPP) was amended to cater better solar incentives in the Philippines.


“The amendment emphasized that self-financed energy efficiency projects (EEP) are entitled to the income tax holiday (ITH) incentive and duty exemption on importation of capital equipment, raw materials and spare parts or accessories”.


If you are looking for a most trusted solar panel company, might as well seek their assistance in assessing your solar incentives. At Solaready, we help our clients do the paperworks to ensure that they optimize their investment.



Getting Your Money’s Worth with Solaready Solar Panels


Investing in solar panels in the Philippines is a worthwhile decision, offering substantial long-term savings on electricity bills while contributing to a more sustainable future. As the technology behind solar panels continues to advance and costs decrease, the benefits become increasingly accessible to Filipino households. By reducing reliance on traditional power sources, homeowners can achieve energy independence and protect themselves from fluctuating energy prices.


To maximize the benefits of solar energy, partnering with a professional and trusted company like Solaready is essential. Solaready's high-quality solar panels and expert installation services ensure optimal performance and longevity, making your investment more fruitful. With Solaready, you gain a reliable partner dedicated to helping you harness the full potential of solar energy, bringing fortune and sustainability to your home.

Contact us today to avail FREE Solar Consultation.

 
 

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