Solar Appraisals Move Forward

Filed in Housing Trends, Technology by on July 25, 2016 0 Comments

houe, piggy bankMove over, granite countertops.

A new report from the Lawrence Berkeley National Laboratory says that it’s possible to demonstrate how homes equipped with solar panels are worth more than comparable homes without them.

That’s big news for home builders and home owners who hadn’t been able to connect the value of photovoltaic (PV) installations with the formal appraisals of the homes that have them because, appraisers said, there aren’t enough comps.

The findings “will benefit valuation professionals and mortgage lenders who increasingly encounter homes equipped with PV and need to understand the factors that can both contribute to and detract from market value,” the report says in its introduction.

According to the Department of Energy’s SunShot intiative, the number of homes with solar energy systems is expected to pass 1 million this year. DOE’s Solar Training and Education for Professionals funding program provides real estate agents, code officials, insurance and financial professionals, and firefighters with the basic solar training they need to do their jobs.

Learn more in this SunShot blog post. For information on NAHB’s green initiatives, contact Jaclyn Toole.

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