Solar panels are not only a solution to reduce your electricity bill but also have a significant impact on the value of homes. Recent studies show that homes with solar panels are not only more sustainable but also sell for up to 7% more compared to similar properties without this technology.
In this article, we will explore how solar panels increase the value of your home, how this affects the real estate market in Spain, and why more and more people consider this investment a profitable and sustainable decision.
1. Why do homes with solar panels have more value
The added value of solar panels to homes is due to several factors, incluiding: sustainability, long-term energy savings, and greater appeal to buyers.
A study by SolarReview, based on an analysis of 400 homes, reveals the following:
- The average cost to install solar panels in Spain us 15.000 euros.
- The increase in the value of solar homes is 25.380 euros, generating an immediate return of over 10.000 euros.
What drives this increase?
- Energy savings: Solar homes offer buyers the chance to drastically reduce their electricity bills, which is highly valued.
- Sustainability: In a world increasingly concerned with climate change, buyers prioritize sustainable solutions.
- Constant revaluation: Solar technology is seen as a long-term investment that increases property value.
2. The impact on the Spanish real estate market
The real estate market has experienced significant changes in recent years:
- Low interest rates: During 2020-2021, buyers took advantage of favorable market conditions.
- Increase in property prices: Between 2022 and 2023, inflation and a lower supply increased costs.
Despite these fluctuations, homes with solar panels have maintained a competitive advantage, becoming a priority with higher demand. Even in slower markets, their added value remains a differentiating factor.
What’s happening in Marbella?
In areas like Marbella, where the climate favors the use os solar energy, homes with solar panels have en even greater advantage. This trend applies not only to coastal areas but also to other regions of Spain that are quickly adopting this technology.
3. Ubora Study: Methodology and Results
At Ubora, we conducted our own study to analyze how solar panels impact home values in Spain. Based on data from 200 properties in Marbella, we replicated the approach used by SolarReview in the United States.
Study Methodology
To ensure the validity of the data, we compared homes with the following characteristics:
- Sold within a maximum of 180 days.
- Located within 0,5 kilometers of each other.
- With similar sizes, with a maximum variation of 50 m².
- Comparable exterior appearance and internal characteristics (bedrooms and bathrooms).
Key results:
- Average value of solar homes: 475.000 euros.
- Average value of homes without solar panels: 448.961 euros.
- Average increase: 7% more expensive.
Additionally, we observed that homes with solar panels tend to be newer, with an average age 1.8 years younger than homes without panels.
4. Benefits of installing solar panels in your home
Investing in solar panels not only increases the value of your property but also offers numerous benefits:
- Higher sale price: Homes with solar panels are perceived as modern and efficient, which increases their price on the market.
- Energy savings: From day one, you will notice a significant reduction in your electricty bills.
- Environmental sustainability: You will contribute to caring for the planet by reducing your carbon footprint.
- Greater appeal to buyers: Sustainable homes are increasingly in demand, especially among buyers consicious of their environmental impact.
- Faster time on the market: Solar homes tend to sell more quickly due to their high demand.
5. Is it profitable to install solar panels in Spain?
The profitability of solar panels is backed by concrete figures:
- Initial investment: 15.000 euros.
- Average value increase: 25.380 euros.
- Immediate return: Over 10.000 euros.
Additionally, in the long term, you will enjoy ongoing energy savings, making this investment doubly profitable.
Homes with solar paneñs are undoubtedly the present and future of the real estate market. In addition to providing ecological benefits, they offer an immediate financial return and significantly increase the appeal of properties on the market.
At Ubora, we help you maximize the value of your home with personalized solar solutions. Call us at +34 683 300 529 or email us at sol@uborasolar.com to take the first step toward a smart and sustainable investment.
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