Solar Panel Appraisal Value

Pv value can estimate the production or establish a wattage needed to produce the energy at a location and develop a value conclusion using the cost and income approaches.

Solar panel appraisal value.

Says real estate agent aaron zapata of inman according to fha and fannie mae whether solar panels add value or are viewed as a liability is still unclear while many websites selling solar will lead you to believe it s the best possible investment for your home the true benefits of solar especially for a potential buyer interested. In other words a solar energy system that saves 400 per year would add a value of 8 000 to your home. Miller points out however that added value is not so cut and dried. The consensus seems to be that in determining if the solar panels add any value the appraisers are required to be able to substantiate their analysis.

It can potentially increase the home s value by up to 4 1 more than comparable homes with no solar panels. It is designed to be used by skilled appraisers consultants with knowledge of solar and a discounted cash flow. As to solar panels owned by the homeowner the appraiser noted that there had been a few recent seminars offered on the topic. The national renewable energy laboratory cites a study in the appraisal journal which shows that home value increases 20 for every 1 reduction in annual utility bills.

Therefore leased solar panels are likely to be value neutral on the appraisal.