Solar Panels Appraisal

Common ownership or financing.

Solar panels appraisal.

Solar pv systems provide financial benefits and are financially feasible in some areas. Solar panels and battery storage can help you build long term financial gains savvy homeowners potential buyers and appraisers know that solar panels and battery storage can increase your home s value on the real estate market. Solar rooftop panels can boost your home s value and lower an electricity bill. Appraising properties with solar panels the ownership and debt financing structures commonly found with solar panels are key to determining whether the panels are third party owned personal property of the homeowner or a fixture to the real estate.

Another way to show value for solar panels is for the appraiser to note them in the appraisal report as a feature and amenity. Find everything you need to know about solar panels and solar installation costs. Comments by the appraiser that a leased solar system is installed on the premises indicates to the reader of the report that the appraiser considers the solar panels as adding value to the subject property. According to glink and tamkin while the investment in the solar panels might be great for you in the long term if you have to resell the home will a buyer consider the solar investment something that adds value to the home.

Attached is a very well written 45 page report that will help all appraisers better understand this issue and perhaps lead you in the right direction when you encounter homes with solar panels. Appraisers valuing the contribution of solar panels on homes has become one of the trickiest aspects of our work over the past decade. Engaging a skilled appraiser that understands solar photovoltaics and how to value them is a smart move before the purchase. Whether the solar panels are leased and owned also may affect the appraisal.

If you ve seen a rise in solar panels in your area consider taking the first step toward competency in the valuation of this energy efficient feature of real estate. Determining the value of solar panels is an issue that has many appraisers asking questions. The skilled appraiser can assist the homeowner in understanding the size of system they need to produce the energy they use. Real estate information provider zillow found that new jersey pennsylvania and north carolina offer the highest.

Specific numbers vary between each installation and property.