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Solar panels 'add value to buy to let property'
27 Aug 2010
Buy to let property insurance customers have been told that, by installing solar panels on the roofs of their buildings, house values can be increased by around five per cent, which could be something for buy to let landlords to consider.
The comments follow the news that photovoltaic solar panels are to be installed on Prince Charles' London residence Clarence House, after permission was granted by Westminster City Council.
Michael Holmes, a spokesperson for the National Home Improvement Show, said that buy to let property insurance policyholders who install the renewable energy devices will not only be lowering their tenants' fuel bills, but also making a "strong contribution" to future generations.
"With many homeowners looking to add value to their home to combat falling house prices, retrofitting a home, like Prince Charles has done, can be considered the ultimate responsible home improvement," he explained.
Mr Holmes went on to say, however, that property owners should also be aware that efforts should also be made to ensure buildings are "highly insulated", with low-energy appliances and lighting also adding to the cause.
Posted by Jonathan Walker
