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Apr
Appraising into the Sun: Six-State Solar Home Paired-Sale Analysis
Friday, April 8, 2016Resource Type : Research or Whitepaper
Topic : Valuation, Analysis, BCA
State : @National California Florida Maryland North Carolina Oregon Pennsylvania
Author : Sandra Adomatis and Ben Hoen
Adoption Year : 2016
Abstract: Although residential solar photo-voltaic (PV) installations have proliferated, PV systems on some U.S. homes still receive no value during an appraisal because comparable home sales are lacking. To value residential PV, some previous studies have employed paired-sales appraisal methods to analyze large samples. Our first-of-its-kind study connects the two approaches. It uses appraisal methods to evaluate sale price premiums for owned PV systems on single-unit detached houses that were also evaluated in a large statistical study. Indep