Value of Solar Homes
The purpose of the Value of Solar Homes project was to promote the installation of rooftop solar photovoltaic (PV) systems in the UK. It does this by providing information and guidance for owners and investors on the financial value of ‘solar property’ – property which includes a rooftop PV system, and / or an energy storage system. Doing so will overcome a key informational barrier to the uptake of solar PV.
Previous Solar Energy UK research identified the lack of robust evidence on the financial benefits of solar. As such, homeowners, valuers, the construction sector, and intermediaries involved in property transactions do not have a reliable way of assessing or explaining the value of solar property.
The research findings from this project – which included statistical analysis of more than five million property transactions – are clear. The return on investment makes upgrading a home with a solar power system an easy and simple way to lower a property’s running costs and increase its value while also reducing its environmental impact.
The report describes and explains these in detail, based on case studies for homes around the UK. It also makes recommendations for how government and the property development, finance and construction industries can help ensure the deployment of solar and energy storage systems on new and existing homes. Doing so would ensure that homeowners, renters, and landlords make the most of the contribution that solar’s clean, affordable power can make to their properties. This is vital if the UK is to meet its legally binding target of achieving a net zero economy by 2050.
The report can be viewed here