How to add $125k value to your property – install solar panels


Building a new home? Experts reveal the clever trick that could add a whopping $125,000 to its value

  • Buyers can get another $125,000 when they sell a sustainable house, report said 
  • Apartments sellers are able to get $72,750 more, a twelve per cent increase
  • Report author said sustainable homes come at a premium but have benefits
  • Demand for energy-efficient homes are forecasted to grow as cost of living soars
  • Features enhancing homes include solar panels, water tanks and insulation 

Homeowners who install energy-efficient features including solar panels, insulation and water tanks can add up to $125,000 to their house’s value, experts say.

Units can fetch $72,750 more when they boast the same sustainable add-ons, up to a 12.7 per cent difference, as buyers increasingly look for homes which won’t cost a lot to heat or cool with energy prices on the rise. 

The home’s orientation, something only those building a property have much control over, also goes a long way to adding to its value, the Domain Sustainability in Property report said.

Those face north are attracting higher bids as it costs less to heat and cool as opposed to those facing south. 

Experts forecast that buyers on the hunt for a sustainable home will likely increase over time as energy bills soar (pictured, a Sydney property auction)

Experts forecast that buyers on the hunt for a sustainable home will likely increase over time as energy bills soar (pictured, a Sydney property auction) 

Insulation, home orientation and water tanks (pictured) can add top value to homes

Insulation, home orientation and water tanks (pictured) can add top value to homes 

Domain chief of research and economics Nicola Powell told the Sydney Morning Herald: ‘Sustainable homes come at a price premium, but there are many benefits.’

‘You can sell for a price premium, sell quicker, get more [buyer demand] and save money in the long run on the running costs of a home.’

Good orientation can reducing heating and cooling needs, with some living areas in homes best suited to facing the path of the sun to the north.

Houses with sustainable assets such as solar panels get almost nine per cent more views online and sold slightly faster than other properties, with units at similar results. 

Ms Powell said sustainable homes with higher premiums are more likely to sit at the modern-end of the housing spectrum, making them out of the ballpark for low-income earners and first-home buyers. 

She called for government support to fill that gap to ensure ‘energy-efficient additions to a home are accessible to all price budgets’. 

Ms Powell forecasted that buyers on the hunt for a sustainable home will likely increase over time as energy costs soar. 

Energy-efficient words included north-facing, ventilation, sunroof conservation and grassed are also being searched for more online.

Sustainable features like solar panels (pictured) can add $125,000 to a house's value according to the Domain report

Sustainable features like solar panels (pictured) can add $125,000 to a house’s value according to the Domain report

How energy-efficient homes can get more bang for your buck

A south-facing home requires triple the energy for heating and cooling than a north-facing one

Roof and ceiling insulation can save up to 45 per cent on heating and cooling

Wall insulation can save around 15 per cent on heating and cooling

Sealing gaps around windows and doors can save 5-15 per cent on heating and cooling

A house built with a seven-star energy rating will save on average $450 per year on heating and cooling compared to a six-star energy rating

It is the equivalent of taking one car off the road for a year for every new home built to seven stars compared to six stars

 Source: Domain

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