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How do you appraise the value of home’s solar panel?


CHICAGO – April 9, 2014 – According to the Appraisal Institute, appraisers need to get up to speed on the latest energy efficient home features to determine how green a property is. To help appraisers, the Institute released a new book.

"Residential Green Valuation Tools," published this week by the Appraisal Institute, provides an overview of the valuation of high-performance homes. The book describes the main elements of green homes – site, water and energy efficiency, indoor air quality, materials, and operations and maintenance – and uses case studies to illustrate common scenarios and problems that arise when valuing high-performance homes.

"The market for green, or high-performance, homes is clearly growing, and appraisers who want to appraise these homes competently need to stay up-to-date on the latest green terms, home features and organizations," says Appraisal Institute President Ken P. Wilson in the book's foreword.

The book, written by Sandra K. Adomatis, offers detailed instructions on properly completing the Appraisal Institute's Residential Green and Energy Efficient Addendum form for appraisal reports. It also covers the valuation of Energy Star homes, passive solar houses, solar photovoltaic systems and net-zero energy homes.

"Residential Green Valuation Tools" (ISBN: 978-1-935328-52-0) is a 191-page soft cover book. It sells for $60 ($50 if an Appraisal Institute member) and will be available online shortly.

© 2014 Florida Realtors®

Related Topics: Appraisal