Hi Marco, Rule of thumb: for every $1 saved on annual electricity bill, this translates to $20 value in a certified appraisal.
Contact me off-list for Journal of Appraisers reference document for back-up. Applies to any energy saving, money saving equipment attached to the home and designed to be a permanent fixture to the property or structures on the property. I have seen our solar showcase home offices come right out on spec with this between appraisals done in early 2006 and early 2007. In the 2007 appraisal we finally convinced the appraisers to include the value by showing them the report from JoA. We showed that we saved a minimum of $1800 a year, and got a $36,000 boost for our 5.6KW total in two independent arrays/systems feeding the same meter. (Both grid-tied, one with battery backup, one direct). After extended series of comments directed at zillow.com the extra boost is clearly visible for our location vs. other non-solar properties in this late 60's neighborhood. Obviously, this makes the case for solar PV retrofits to anyone selling homes (including the banks' REO's) out of the growing, already huge inventory of homes on the not-even-yet-fully-depressed market, a no-brainer. At least it makes sense here in the bell-weather of the residential real estate market, San Diego, CA area, with all of the free sunshine we have. What the collapse of the credit and financial markets will do on top of what the collapsing real estate values are doing to the solar install biz can't be anything but bad news however. Sincerely, Peter Duchon Chief of Business Development Technical Sales & Logistics Toll Free 866-724-3444 -----Original Message----- From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED] On Behalf Of marco Sent: Monday, September 29, 2008 10:02 PM To: 'RE-wrenches' Subject: [RE-wrenches] PV and home value Can anyone point me to any documentation out there as what installing a PV system on a home does for its resale value? I mean, I would think that it would certainly add to it, but would like to see some research backing that up. Thanks, marco Marco Mangelsdorf, Ph.D., President Electrical Contractor License C-26351 69 Railroad Avenue, A-7 Hilo, Hawai'i 96720 (808) 969-3281, 934-7462 facsimile _______________________________________________ List sponsored by Home Power magazine List Address: RE-wrenches@lists.re-wrenches.org Options & settings: http://lists.re-wrenches.org/options.cgi/re-wrenches-re-wrenches.org List-Archive: http://lists.re-wrenches.org/pipermail/re-wrenches-re-wrenches.org List rules & etiquette: www.re-wrenches.org/etiquette.htm Check out participant bios: www.members.re-wrenches.org _______________________________________________ List sponsored by Home Power magazine List Address: RE-wrenches@lists.re-wrenches.org Options & settings: http://lists.re-wrenches.org/options.cgi/re-wrenches-re-wrenches.org List-Archive: http://lists.re-wrenches.org/pipermail/re-wrenches-re-wrenches.org List rules & etiquette: www.re-wrenches.org/etiquette.htm Check out participant bios: www.members.re-wrenches.org
