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Valuation of Solar Photovoltaic Systems Using a Discounted Cash Flow Approach
18 pages, PDF Download
Feature article originally published in The Appraisal Journal Fall 2013 issue.
This article looks at techniques for valuing solar photovoltaic systems.
Solar photovoltaic (PV) systems on buildings can present a valuation challenge. However, present value estimates can be easily solved with the use of the new, free PV Value® tool. This Excel-based tool was developed to address the value of the electricity-generating capabilities of a PV system by using a discounted cash flow analysis. This article discusses the inputs required to use the tool to arrive at a credible opinion of value. The PV Value tool was designed for use with the Appraisal Institute’s Residential Green and Energy Efficient Addendum form.
Geoffrey T. Klise
Jamie L. Johnson
Sandra K. Adomatis, SRA
Appraisal Institute Individuals can view and download the entire current issue and past issues at no charge at http://www.myappraisalinstitute.org/taj/default.aspx (Log-in required.)