It can potentially increase the home s value by up to 4 1 more than comparable homes with no solar panels.
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.
It is designed to be used by skilled appraisers consultants with knowledge of solar and a discounted cash flow.
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.
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.
Installing solar panels in a home not only helps to reduce current monthly utility bills.
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.
As to solar panels owned by the homeowner the appraiser noted that there had been a few recent seminars offered on the topic.
Miller points out however that added value is not so cut and dried.