Solar Panel Appraisal Value

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.

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. 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. Find everything you need to know about solar panels and solar installation costs.

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. 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. In other words a solar energy system that saves 400 per year would add a value of 8 000 to your home.

As to solar panels owned by the homeowner the appraiser noted that there had been a few recent seminars offered on the topic.