When considering investing in a heat recovery system for your home, one concern that many Australian homeowners have is whether or not the system will decrease the value of their property. The answer, like with most things in life, is that it depends.
First and foremost, it’s important to note that a heat recovery system can actually increase the energy efficiency of your home, making it more attractive to potential buyers. This is because these systems can help to significantly reduce your heating and cooling costs, making your home more economical to run.
Additionally, a heat recovery system can improve the overall comfort of your home, which is something that many potential buyers are looking for. These systems can help to maintain a consistent temperature throughout the home, as well as improve indoor air quality.
However, it’s also worth noting that the installation of a heat recovery system may not appeal to all potential buyers. For example, some buyers may prefer a more traditional heating and cooling system, or may not see the value in investing in a heat recovery system.
It’s also important to keep in mind that the value of your home can also be affected by other factors, such as the overall condition of the property, the location, and the current real estate market. A heat recovery system, in and of itself, is unlikely to significantly decrease the value of your home.
To give you an idea, a study by the Australian Government’s Your Home website estimated that a heat recovery system can add an average of $2,000 to $3,000 to the value of a new home, and $1,000 to $2,000 to the value of an existing home.
It’s also worth noting that there are government rebates and incentives available for homeowners who choose to install a heat recovery system. For example, the Australian Government’s Small-scale Technology Certificates (STCs) scheme provides homeowners with financial incentives for installing renewable energy systems, including heat recovery systems.
In conclusion, a heat recovery system can actually increase the energy efficiency of your home, making it more attractive to potential buyers and can improve the overall comfort of your home. However, the installation of a heat recovery system may not appeal to all potential buyers and the value of your home can also be affected by other factors. Therefore, it is important to take into account all the factors before making a decision about installing a heat recovery system in your home.