Solar panels add value to UK homes
by David Masters
September 2, 2009
One third of British adults would pay extra for a home kitted out with a renewable energy source, the Energy Saving Trust (EST) revealed today.
A poll by the energy advice group found 35% of people in the UK would be willing to pay more for a home where some of their energy supply came from renewable resources such as solar, wind, or hydro-power.
Nearly half (49%) of those surveyed said they’d like to know whether their current home is suitable for a renewable energy installation.
However, a similar amount (53%) said the high price of installing a renewable energy source – the cheapest solar panel system currently costs over £3,000 – puts them off investing in the technology.
Philip Sellwood, EST chief executive, said despite the high cost of installing a solar panel or wind turbine, the value the installation adds to a property makes the investment worthwhile.
“[Househunters] are willing to pay more for a home with a renewable energy source so investing in a solar panel or a wind turbine could add to the resale value of a property and could be as attractive to househunters as a new kitchen or solid wood floors,” Sellwood said.
The EST also revealed that households are responsible for over a quarter of the UK’s carbon emissions.
From next year, the government will start paying homeowners with renewable energy installations for any excess electricity they export to the national grid.
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