How PV system ownership can impact the market value of residential homes

Technical Report · Tue Dec 31 23:00:00 EST 2013

DOI:https://doi.org/10.2172/1322287· OSTI ID:1322287

Klise, Geoffrey Taylor ^[1]; Johnson, Jamie L. ^[2]

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1. Sandia National Lab. (SNL-NM), Albuquerque, NM (United States)
2. Energy Sense Finance, LLC, Punta Gorda, FL (United States)

There are multiple ways for a homeowner to obtain the electricity generating and savings benefits offered by a photovoltaic (PV) system. These include purchasing a PV system through various financing mechanisms, or by leasing the PV system from a third party with multiple options that may include purchase, lease renewal or PV system removal. The different ownership options available to homeowners presents a challenge to appraisal and real estate professionals during a home sale or refinance in terms of how to develop a value that is reflective of the PV systems operational characteristics, local market conditions, and lender and underwriter requirements. This paper presents these many PV system ownership options with a discussion of what considerations an appraiser must make when developing the contributory value of a PV system to a residential property.

• Research Organization: Sandia National Laboratories (SNL-NM), Albuquerque, NM (United States)
• Sponsoring Organization: USDOE National Nuclear Security Administration (NNSA)
• DOE Contract Number: AC04-94AL85000
• OSTI ID: 1322287
• Report Number(s): SAND2014--0239; 495661
• Country of Publication: United States
• Language: English

Related Subjects

14 SOLAR ENERGY
32 ENERGY CONSERVATION, CONSUMPTION, AND UTILIZATION