Increase Your Home’s Value Today!
Empowering Your Home’s Property Value
Your home is an investment, and you’re probably looking for ways to make it more valuable. Although renovations and upgrades are great ways to boost the value of your home, you might be looking for something a little less involved. If you are, a whole-house generator might be a beneficial purchase.
At Aire Serv, we help homeowners in the Fort Worth area find solutions to their HVAC and home energy problems. We deal with some pretty severe weather here in Fort Worth, so generators are a hot commodity. If you’re looking for a smart way to increase your home’s value, allow us to introduce you to the world of whole-house generators.
Does A Generator Increase Home Value?
Investing in a generator is a form of home improvement that has many benefits. These devices function as a source of electricity when the power is out due to storms or other disruptions. However, they do so much more for your home than just prevent blackouts.
Whole house generators are a great selling point for any home. Potential buyers will often perk up at the prospect of having a backup generator, especially if they’re purchasing a home in an area with frequent storms. For this reason, generators can increase your home’s value by 3-5 percent.
Although purchasing a generator requires an investment, you’ll likely make back all the money and more when you sell your home. The typical generator costs between $2,000-$10,000, but the profit you’ll likely make from selling your home could get you a return of up to 150 percent of the purchase price.
Do Generators Qualify For A Tax Credit?
When you renovate your home to make it more energy efficient, you may qualify for a special tax credit. You may be wondering if generators fall within this category. If you want to qualify for a generator tax credit, your unit will have to function off of one of the following renewable energy sources:
- Solar
- Wind
- Geothermal
- Fuel cell
Most home generators use natural gas to provide electricity, but there are some generators that use renewable energy.
Do I Qualify For Tax Deductions With A Generator?
Since generators are an investment, you may be looking for ways to save money. Some individuals who purchase generators may qualify for a tax deduction, but they must be in one of the following circumstances:
- Used in natural disaster
- Generator sustained the use of medical equipment
- Used to run a business
- Used to work from home
Just because you’ve used a generator in one or more of these situations, it doesn’t mean that you automatically qualify for a tax deduction. It’s important to keep track of the specific dates and circumstances that require you to use your generator to improve your chances of tax deduction.
Purchase A Generator Today!
If you’re wondering where to buy a whole house generator in the Fort Worth area, Aire Serv can help. We can help you find the perfect generator for your needs and install it for you. Contact us today to schedule an appointment!
