{"id":5338,"date":"2022-02-01T00:00:00","date_gmt":"2022-01-31T14:00:00","guid":{"rendered":"https:\/\/www.originenergy.com.au\/uncategorised\/does-solar-boost-property-value"},"modified":"2024-10-21T10:49:19","modified_gmt":"2024-10-21T00:49:19","slug":"does-solar-increase-property-value","status":"publish","type":"post","link":"https:\/\/www.originenergy.com.au\/blog\/does-solar-increase-property-value\/","title":{"rendered":"Does solar increase property&nbsp;value?"},"content":{"rendered":"\n<p class=\"lead\">As the world becomes increasingly conscious about the need for sustainable energy, many homeowners are considering taking advantage of solar energy. We explore how solar systems can not only improve your carbon footprint, but increase the value of your home too.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">What is Solar?<\/h2>\n\n\n\n<p>Rooftop solar panels work by converting energy from the sun into electricity, so you\u2019re effectively able to generate your own power. Australia enjoys the <a href=\"https:\/\/www.victorianenergysaver.vic.gov.au\/save-energy-and-money\/saving-with-solar\" rel=\"nofollow noopener\" target=\"_blank\">highest solar radiation<\/a> of any continent in the world, so there\u2019s plenty of opportunity for us to harness the power of the sun. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\">The basics of how solar works<\/h2>\n\n\n\n<p><a href=\"https:\/\/www.originenergy.com.au\/solar\/\">Solar panels<\/a> are made up of units called solar cells AKA \u2018photovoltaic cells\u2019. The term \u2018photovoltaic\u2019 relates to the production of electricity by substances exposed to light and is a special property that some materials have.<\/p>\n\n\n\n<p>High purity silicon is used to make most solar cells and when carefully manufactured, acts as a semiconductor. The semiconductor properties of silicon can then be used to make solar cells.<\/p>\n\n\n\n<p>\u201cLight is made up of photons,\u201d Mark Kerr, Origin\u2019s Group Manager of Large-Scale Solar and Operations, says.<\/p>\n\n\n\n<p>\u201cWhen solar cells absorb certain photons from sunlight, electrons within the solar cell can become excited. These excited electrons can then move through the conductors and wires in the solar panel to create electricity that can power your home\u201d.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Does solar increase home value?<\/h2>\n\n\n\n<p>Australians believe homes with <a href=\"https:\/\/www.originenergy.com.au\/solar\/\">solar<\/a> are more valuable than the equivalent house without.<\/p>\n\n\n\n<p>Based on our survey of 1,005 Australians aged between 18-79 from all States and Territories in 2018*, we found that 77% of Australians think a house with <a href=\"https:\/\/www.originenergy.com.au\/solar\/\">solar<\/a> 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 <a href=\"https:\/\/www.originenergy.com.au\/solar\/batteries\/\">solar and a battery<\/a>.<\/p>\n\n\n\n<p>It\u2019s 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.<\/p>\n\n\n\n<p>The survey also looked at the adoption of solar in Australian homes \u2013 revealing that while only <a href=\"https:\/\/reneweconomy.com.au\/two-million-australian-households-now-have-rooftop-solar-and-they-vote-90424\/\" rel=\"nofollow noopener\" target=\"_blank\">20% of people<\/a> currently have <a href=\"https:\/\/www.originenergy.com.au\/solar\/\">solar panels<\/a> installed, 57% plan to have a <a href=\"https:\/\/www.originenergy.com.au\/solar\/batteries\/\">solar battery<\/a> installed within the next 5 years.<\/p>\n\n\n\n<p>If you\u2019re 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 <a href=\"https:\/\/www.originenergy.com.au\/solar\/batteries\/\">installing solar panels<\/a> could provide a real boost when you decide to sell.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">How you could increase your home&#8217;s value with solar<\/h2>\n\n\n\n<p>At Origin, we\u2019ll help you on your way to energy independence with tools, information, access to&nbsp;<a href=\"https:\/\/www.originenergy.com.au\/electrify\/quote\">solar quotes<\/a>&nbsp;from our preferred partners, plus more. In less than 10 minutes, you can arrange up to&nbsp;<a href=\"https:\/\/www.originenergy.com.au\/electrify\/quote\">3 free solar and battery quotes<\/a>&nbsp;from our preferred partners for your property. You can also check out recommended solar system sizes, potential bill savings, and more. It\u2019s free and without obligation<sup>+<\/sup><\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-1 wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/www.originenergy.com.au\/electrify\/quote\">Request a solar quote today<\/a><\/div>\n<\/div>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div class=\"wp-block-pb-accordion-item c-accordion__item js-accordion-item no-js\" data-initially-open=\"false\" data-click-to-close=\"true\" data-auto-close=\"true\" data-scroll=\"false\" data-scroll-offset=\"0\"><h4 id=\"at-53380\" class=\"c-accordion__title js-accordion-controller\" role=\"button\">References<\/h4><div id=\"ac-53380\" class=\"c-accordion__content\">\n<p>* All research figures and tables from Origin Good Energy Report \u2013 April 2018&nbsp;<\/p>\n<\/div><\/div>\n\n\n\n<p><em><sup>+<\/sup>&nbsp;Origin has a commercial agreement with our partner installers and receives a commission from them for each referral.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Installing solar panels is a great way to reduce your reliance on the energy grid but could it also increase the value of your&nbsp;home?<\/p>\n","protected":false},"featured_media":19098,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[108],"tags":[49,29],"oe_author":[],"class_list":["post-5338","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-future-energy","tag-solar","tag-solar-batteries"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.originenergy.com.au\/blog\/wp-json\/wp\/v2\/posts\/5338","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.originenergy.com.au\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.originenergy.com.au\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.originenergy.com.au\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.originenergy.com.au\/blog\/wp-json\/wp\/v2\/comments?post=5338"}],"version-history":[{"count":0,"href":"https:\/\/www.originenergy.com.au\/blog\/wp-json\/wp\/v2\/posts\/5338\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.originenergy.com.au\/blog\/wp-json\/wp\/v2\/media\/19098"}],"wp:attachment":[{"href":"https:\/\/www.originenergy.com.au\/blog\/wp-json\/wp\/v2\/media?parent=5338"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.originenergy.com.au\/blog\/wp-json\/wp\/v2\/categories?post=5338"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.originenergy.com.au\/blog\/wp-json\/wp\/v2\/tags?post=5338"},{"taxonomy":"oe_author","embeddable":true,"href":"https:\/\/www.originenergy.com.au\/blog\/wp-json\/wp\/v2\/oe_author?post=5338"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}