It is designed to be used by skilled appraisers consultants with knowledge of solar and a discounted cash flow.
Solar panel appraisal value.
In other words a solar energy system that saves 400 per year would add a value of 8 000 to your home.
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.
On average solar panels raise a home s value by 4 1 across the u s according to a new zillow analysis of homes across the country that s a boost of 9 274 on a 226 300 home according to the study.
It can potentially increase the home s value by up to 4 1 more than comparable homes with no solar panels.
Miller points out however that added value is not so cut and dried.
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.
Therefore leased solar panels are likely to be value neutral on the appraisal.
Installing solar panels in a home not only helps to reduce current monthly utility bills.
As to solar panels owned by the homeowner the appraiser noted that there had been a few recent seminars offered on the topic.