Does solar boost property value?

Written by Scotty Thornton

What is Solar?

Rooftop solar panels work by converting energy from the sun into electricity, so you’re effectively able to generate your own power. Australia enjoys the highest solar radiation of any continent in the world, so there’s plenty of opportunity for us to harness the power of the sun1. Here’s a quick look at how solar energy works:

1. Solar panels

Solar panels capture sunlight and convert it into DC (Direct Current). Learn more about solar systems

2. Solar inverters

A solar inverter then converts DC into AC (Alternate Current) – which then powers your home in real-time. Check out our inverters.

3. Solar batteries

If you install a solar battery, excess energy is stored here (rather than pushing out to the grid).

4. Digital meters

Your energy use and habits are easily tracked with a digital meter.

5. Power grids

Any excess energy that you generate is pushed out to the grid. This energy is measured and calculated (feed-in tariff) to credit your account. Learn more about solar feed-in tariffs

Does solar add value?

Australians believe homes with solar are more valuable than the equivalent house without.

Based on our survey of 1,005 Australians aged between 18-79 from all States and Territories in 2018 2, we found that 77% of Australians think a house with solar is more valuable than those relying on traditional energy sources. With 57% of homeowners saying they would pay up to $10,000 more for a home equipped with solar, and 60% would pay at least that much more for a home with both solar and a battery wall.

It’s not only good news for owner-occupiers , with 55% of renters saying they would be willing to pay up to $10 a week more in rent for a property with solar.

The survey also looked at the adoption of solar in Australian homes – revealing that while only 20% of people currently have solar panels3 installed, 57% plan to have a solar battery installed within the next 5 years.

If you’re a property owner, your home is probably your biggest asset and ensuring it grows in value is a significant part of your financial future. Our research shows that recognising your empty roof space as a potential asset and installing solar panels could provide a real boost when you decide to sell.

What next?

If you want to make Origin your solar choice and join the 100,000 households we’ve helped reduce their carbon footprint, have a chat with one of our solar experts. We can help design a solar system suited to your budget and based on your energy usage and home – including roof type, size and shading.

References

1: Victorian energy saver

2: All research figures and tables from Origin Good Energy Report – April 2018

3: Renew Economy “Two Australian households now have rooftop solar and they vote” 

More about the author

Scotty is Origin’s Brand Content Lead, having worked in social media for many large Australian companies. Outside of work, Scotty is passionate about interior design and sustainable living, on the weekend you can find him (and his dog Lulu) grabbing some smashed avo at a local café.

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