The UK's independent property information site

Go Back   Home Move: property forum > Property Forums > Home Improvement

Home Improvement Redecorating and improving property either after buying, or ready to sell.

LinkBack Thread Tools
  #11 (permalink)  
Old 20-09-2010, 01:40 PM
Junior Member
Join Date: Sep 2010
Posts: 2
Default Re: Does Solar hot water heating improve your house price?

I've been thinking about installing solar based heating as well but right now none of the systems I've looked at are within the price-range I can afford so I'll probably wait a few more years...
Reply With Quote
  #12 (permalink)  
Old 21-09-2010, 08:02 PM
Join Date: Jul 2010
Posts: 49
Default Re: Does Solar hot water heating improve your house price?

Personally speaking I can't see that they would add much to the value of a house, if I was choosing between two identical houses bar one having solar I wouldn't consider bidding much more for that one. Financially I don't think they are a great investment but from the perspective of 'doing your bit' for the environment and setting a good example and so on for me I think they are worthwhile.
Northern Ireland Property
Reply With Quote
  #13 (permalink)  
Old 11-01-2011, 01:40 PM
Join Date: Nov 2010
Posts: 58
Default Re: Does Solar hot water heating improve your house price?

Great thread, I personally like solar power, as to whether it would be financially worth your while installing them is debatable.
On a lighter note think of the karmic points you would get for helping to save the planet
Looking for a large mortgage?
Reply With Quote
  #14 (permalink)  
Old 09-04-2011, 12:28 PM
Junior Member
Join Date: Apr 2011
Posts: 20
Default Re: Does Solar hot water heating improve your house price?

Originally Posted by lampshuk View Post
Hi, I have just been given a quote to add solar hot water heating to our Victorian-built house. We have done the usual stuff like loft insulation and draft exclusion and are now looking at the next phase (cavity wall insulation is out due to the absence of cavities). Double glazing is also under investigation but likely to be very expensive and we may opt to rebuild bits of the house, so it's a longer-term project.

The financial argument is pretty finely balanced on the running costs: the oil saving versus the return on the 3,000 in a building society looks like somewhere in the 10 year region, so looking at a 5 year horizon it's still tough to argue that it's a good financial investment.

All the Solar companies say "it will add to the value of your house" but then they would, wouldn't they? While I want to believe it, the counter-argument is that in 5 years time there may well be superior systems on the market and in fact any buyers interested in solar would be ripping down what you've just put up, so it's a liability rather than an asset.

I wondered if any other forum users have been through this calculation. Or, better yet, what have estate agents told you about the difference to house value if you have fitted it?

Many thanks,

Well Martin, I don't have any costings but my feeling is do any work on a property that improves your own comfort and finances.
Never something that may or may not increase value.
Firstly you don't know when you are likely to sell it, or perhaps you do.
Secondly you don't know if the improvements will still be flavour of the day in time to come.
Thirdly perceived value is, just that perceived in the eye of the beholder. Second guessing a third party is not the wisest way of spending money.
Reply With Quote
  #15 (permalink)  
Old 07-09-2011, 11:18 AM
Property Forums
Join Date: Aug 2011
Posts: 6
Default Re: Does Solar hot water heating improve your house price?

It seem like companies are trying to sell solar heater by using this, it might be price of home increase but not in proportion of solar heater price.
Reply With Quote
  #16 (permalink)  
Old 17-04-2013, 02:10 PM
Property Forums
Join Date: Dec 2012
Posts: 30
Default Re: Does Solar hot water heating improve your house price?

In my opinion, you will never see your investment returned, your looking at a good few k for the basic of installs yet you would be lucky to get a fraction of that back, especially with the property prices at the moment!
Reply With Quote
  #17 (permalink)  
Old 19-04-2013, 08:09 AM
New Homes Expert's Avatar
Senior Member
Join Date: Jul 2011
Posts: 360
Default Re: Does Solar hot water heating improve your house price?

Well they save on heating costs on the one hand and make your roof look like something from a power station on the other.
As energy bills keep going up solar hot water and PV panels may add value to a home.
More likely a certain person, will prefer a house because of the green credentials, but it is unlikely that the installation cost can be fully added to the house value.
Information for UK new home buyers
New Home Blog The latest news and views
Reply With Quote

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off


» Property Boards
Buying Property Selling Property Estate Agents Solicitors & Legal Builders & Developments
Property Development Home Improvements Buying Property Abroad

All times are GMT +1. The time now is 09:21 AM.

Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2017, vBulletin Solutions, Inc.
Content Relevant URLs by vBSEO 3.6.0 PL2 ©2011, Crawlability, Inc.

Important Notice: does not provide professional advice on any aspect of buying, selling, developing or investing property. All posts are provided as lay opinions and not personal professional guidance. You should always seek a qualified professional for professional advice in relation to your personal circumstances. The forums are not monitored, and the site administrators cannot be held liable for the content of the forum. If you have any objection to any post on the forums, please either use the Report Post feature, or else Contact Us to ensure such content is properly dealt with. We are not responsible for third party links on the site.