How To Appraise A House With Solar Panels

A primer presented by instructor mark buhler.

How to appraise a house with solar panels. If your solar panel system is financed via an unpaid loan you are obliged to make. The study controlled for the home s attributes like bedrooms bathrooms square footage age and location to determine an area s solar panel boost. Solar panels financing through a loan that has since been paid in full means that you are now the owner of the system. Engaging a skilled appraiser that understands solar photovoltaics and how to value them is a smart move before the purchase.

When appraisers or real estate agents list a home on the market with solar they ll often just indicate that the home has solar panels. While the average u s. The skilled appraiser can assist the homeowner in understanding the size of system they need to produce the energy they use. Buhler has over 25 years of appraisal experience and specializes in the valuation of energy efficient homes which are increasingly.

For an overview of solar panels methods of valuation and challenges of appraising properties with solar check out our recorded webinar appraising solar panels. To get any details like the kilowatt hours or age of the system appraisers have to call the installers themselves. In this case a system is considered as a part of the property and it raises the value of the house. Home saw a 4 1 gain in value that boost varies from place to place.

Oversizing a system results in higher cost and a longer period to recoup the investment. We ll get to the video a little further down the page but first there are a few things we want you to keep in mind.