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    Residential and Commercial Valuation of Solar

    More Info Register
    October 16-17, 2024 Chicago, IL
    Date
    October 16-17, 2024
    Time
    08:30AM - 05:00PM (CST)
    Sponsor
    Chicago Chapter
    Location
    DePaul University - Loop Campus
    1 E. Jackson
    Room 8206
    Chicago, IL 60614
    Instructor
    Woody R. Fincham, SRA, AI-RRS
    Class Time
    14 hours
    Exam Time
    1 Hour
    Full Price
    $450.00
    AI Price
    $400.00
    Enroll by October 17!
    View Pricing Options
    Course Description

     

    The number of solar photovoltaic (PV) system installations continues to increase as the price becomes more feasible in many markets. Appraisers will find the valuation a challenge without knowledge of the technology and data available to use the most appropriate methodology. Appraisers must expand their knowledge base to understand how electricity and solar PV is priced, and to understand how solar PV systems function to develop a credible value. If you are seeking education that will hone your skills or teach you new ones, this is the course for you. Residential and commercial appraisers will work together to apply an income capitalization approach and cost approach to valuing energy produced for solar PV systems. All you need is a tablet or iPad, with Internet access, and you will use free online software to value the energy that solar systems produce.
     
    This is an advanced course that requires the use of a discounted cash flow analysis. Because of its difficulty, double AI CE points are awarded.
     
    Important Course Requirements: This course uses free, third-party software known as PV Value or Ei Value to complete the case studies. The software has been vetted by the Appraisal Institute, but course participants should have knowledge of the discounted cash flow analysis. The case studies emulate appraisal problems that appraisers face every day. For educational purposes only, the case study provides a discount rate to use in this course. Appraisers must analyze and conclude the appropriate discount rate for their market, which will change based on the local market’s view of solar and changes in kWh prices, solar production, and cost new.  
     
    Please note. This course does not address utility-scale solar (solar farms), solar thermal, or other on-site renewable energy generation.

    Note. This course is in the Valuation of Sustainable Buildings Professional Development Program. View this list of FAQs, which includes information regarding the courses you’ll need to complete the program successfully.

    Who Should Enroll
    • Real property appraisers
    • Assessors
    • Underwriters
    • Lenders
    • Builders
    • Real estate agents
    • Quality control personnel
    • Architects
    • Engineers
    • Solar installers
    AI CE Points
    Attend:
    150
    Attend & Pass Exam:
    200
    State Approvals
    State QE/CE Course & Exam Course Only Exam Only Delivery Format Approval Format Start Date Expire Date State Code
    AK CE 14 14 Classroom Classroom 07/01/2023 04/17/2026 19401
    AK CE 15 14 1 Classroom Classroom 10/12/2022 10/12/2025 19021
    AK CE 15 14 1 Classroom Classroom 07/01/2023 04/17/2026 19401
    AK CE 14 14 Classroom Classroom 10/12/2022 10/12/2025 19021
    AL CE 14 14 Classroom Classroom 10/01/2022 09/30/2024 C02636
    AR CE 15 14 1 Classroom Classroom 10/19/2020 09/07/2025
    AZ CE 15 14 1 Classroom Classroom 11/02/2023 1123-0000036
    CA CE 14 14 Classroom Classroom 10/20/2020 10/19/2024 16CP754601231
    CO CE 15 14 1 Classroom Classroom 09/22/2022 07/26/2025 2257
    CO CE 14 14 Classroom Classroom 09/22/2022 07/26/2025 2257
    CT CE 14 14 Classroom Classroom 03/10/2022 03/10/2025 AAL.000914
    DC CE 15 14 1 Classroom Classroom 02/29/2024 02/28/2026 4057
    DE CE 15 14 1 Classroom Classroom 11/01/2023 10/31/2025
    FL CE 14 14 Classroom Classroom 02/06/2023 02/05/2025 0009651
    GA CE 14 14 Classroom Classroom 11/02/2012 67273
    GA CE 15 14 1 Classroom Classroom 11/01/2012 67274
    HI CE 15 14 1 Classroom Classroom 01/01/2024 12/31/2024 23-480
    HI CE 14 14 Classroom Classroom 01/01/2024 12/31/2024 23-480
    IA CE 14 14 Classroom Classroom 11/25/2022 11/24/2024 A518-1126
    IA CE 14 14 Classroom Classroom 11/25/2022 11/24/2024 A518-1126
    IA CE 15 14 1 Classroom Classroom 11/25/2022 11/24/2024 A518-1127
    IA CE 15 14 1 Classroom Classroom 11/25/2022 11/24/2024 A518-1127
    ID CE 15 14 1 Classroom Classroom 11/21/2020 07/26/2025
    IL CE 14 14 Classroom Classroom 01/01/2023 12/31/2024 575.010085
    IN CE 15 14 1 Classroom Classroom 07/05/2023
    KS CE 14 14 Classroom Classroom 01/01/2024 12/31/2024 225.C24.R
    KY CE 14 14 Classroom Classroom 07/01/2023 06/30/2024
    KY CE 15 14 1 Classroom Classroom 07/01/2023 06/30/2024
    KY CE 14 14 Classroom Classroom 07/01/2024 05/30/2025
    LA CE 15 14 1 Classroom Classroom 01/01/2020 09/27/2026
    MA CE 14 14 Classroom Classroom 10/21/2022 10/20/2024 85
    MD CE 15 14 1 Classroom Classroom
    ME CE 15 14 1 Classroom Classroom 09/26/2023 5C013
    MI CE 14 14 Classroom Classroom 07/26/2023 07/26/2026 20 - 1092126
    MN CE 15 14 1 Classroom Classroom 11/01/2022 10/31/2024 1021780
    MN CE 14 14 Classroom Classroom 11/01/2022 10/31/2024 1021779
    MO CE 14 14 Classroom Classroom 05/18/2022 06/30/2024
    MO CE 14 14 Classroom Classroom 07/01/2024 06/30/2026
    MS CE 15 14 1 Classroom Classroom 10/23/2022 08/25/2024 MAB #49905
    MT CE 15 14 1 Classroom Classroom 07/10/2022 05/23/2025 REA-CEC-REC-15401
    NC CE 14 14 Classroom Classroom 01/01/2024 12/31/2024 4095
    ND CE 15 14 1 Classroom Classroom 03/08/2022 03/08/2026 CE-222028
    NE CE 14 14 Classroom Classroom 10/19/2021 10/18/2026 2161427.02
    NH CE 14 14 Classroom Classroom 11/02/2022 11/18/2025
    NH CE 14 14 Classroom Classroom 12/15/2022 11/18/2025
    NH CE 15 14 1 Classroom Classroom 09/28/2023 09/05/2026
    NJ CE 15 14 1 Classroom Classroom 09/29/2016 2016-3160
    NM CE 15 14 1 Classroom Classroom 07/19/2023 05/26/2026 4270
    NM CE 14 14 Classroom Classroom 07/19/2023 05/26/2026 4270
    NV CE 15 14 1 Classroom Classroom 06/01/2020 08/30/2024 CE.0009777-A
    NY CE 14 14 Classroom Classroom 01/01/2024 12/31/2024 A4552-14
    OH CE 14 14 Classroom Classroom 01/01/2024 12/31/2024 084401504A 22
    OK CE 14 14 Classroom Classroom 11/07/2023 09/29/2026 838
    OK CE 15 14 1 Classroom Classroom 11/07/2023 09/29/2026 834
    OR CE 15 14 1 Classroom Classroom 06/01/2022 06/01/2025 APIN-C-0622-8931
    PA CE 15 14 1 Classroom Classroom 07/01/2022 07/01/2025
    PR CE 15 14 1 Classroom Classroom 12/04/2023
    RI CE 15 14 1 Classroom Classroom 09/28/2023 09/06/2024 REA.0002064-CE
    SC CE 14 14 Classroom Classroom 09/01/2022 08/31/2024 CE1505
    SD CE 15 14 1 Classroom Classroom 09/04/2022 08/09/2026 SD 1596 CE
    TN CE 14 14 Classroom Classroom 12/01/2022 11/30/2024 01962
    TX CE 15 14 1 Classroom Classroom 11/01/2023 09/27/2025 TX Provider #:10 Course #: 37934
    UT CE 15 14 1 Classroom Classroom 02/01/2021 08/31/2025 AC230821
    UT CE 14 14 Classroom Classroom 02/01/2021 08/31/2025 AC230819
    VA CE 15 14 1 Classroom Classroom 08/08/2023 08/31/2025
    VT CE 14 14 Classroom Classroom 05/01/2021 03/09/2025
    VT CE 15 14 1 Classroom Classroom 05/01/2021 03/09/2025
    WA CE 15 14 1 Classroom Classroom 09/29/2022 07/21/2025 A3730
    WI CE 15 14 1 Classroom Classroom
    WV CE 14 14 Classroom Classroom 03/24/2023 03/22/2026
    WV CE 15 14 1 Classroom Classroom 03/24/2023 03/22/2026
    WY CE 14 14 Classroom Classroom 09/28/2023 09/27/2026
    Course Objectives
    • Recognize key solar PV terms.
    • Identify and use the documents and data necessary to value solar PV systems.
    • Describe and analyze solar PV components and identify their relevance to market valuation.
    • Develop a credible value opinion using tools, worksheets, and resources provided in the course.
    • Recognize potential valuation problems, including USPAP and lender/underwriter concerns.
    Course Details

    Program Overview:
    Table of Contents and Overview
    Course Schedule

    Assignments:

    For Classroom: After you register for this class, please go to your Education and Events page for details on what you must complete BEFORE class begins.  

    To access your Education and Events page, log on to the Appraisal Institute website at https://ai.appraisalinstitute.org/eweb (click on the three horizontal lines to the left of the AI logo and select “My AI Account” from the drop-down menu).

    Equipment:

    • A financial calculator is required. The accepted model used in the program is the HP-12C. AI education programs that require a financial calculator are developed with HP-12C keystrokes; using this model is highly recommended. 
    You must be familiar with calculator operation when the program begins. Do not enroll expecting to be taught how to use a financial calculator.
     
     
    For additional help with the HP-12C calculator, take our online seminar Using Your HP-12C Financial Calculator.
     
    HP-12C calculator User’s Manual.
     
    • This course uses free, third-party software known as PV Value or Ei Value. PV Value requires registration to use the program. Be aware it can take up to 24 hours after registering to receive an email with the login information. Once you sign on to this site, directions are provided for downloading the PV Value tool.

     Alternative to using a third-party software in the course. Proficient users of Excel may design a discounted cash flow analysis to work each assignment as an alternative to using PV Value. The Appraisal Institute does NOT provide an Excel discounted cash flow analysis.

     To learn more about PV Value, visit https://energysensefinance.com/

     

            

    Additional Information:

    Course Materials Include:

    • Course Handbook (362 pp.)
    • Pre-Class Memo (1 p.)
    • Pre-Class Downloads (2 KB)
    If you choose to download course materials, it is best to bring a printed hard copy to class since it is difficult to change computer screens to find the data needed for using the software in solving the case studies.

    This course is approved for 15 GBCI CE Hours by the USGBC.

    You will be asked to clear the calculator’s memory before and after the examination. Only one calculator is permitted in the testing room. Examinees taking most AI exams may bring their own calculator to use during the exam. Laptops, cellular phones, tablets, iPads, wearable technology (smart watch, Apple Watch, Google Glass, etc.), and other devices that can store data or connect to the Internet are NOT permitted during the exam. In addition, all watches, wallets, bags, and purses must be removed and stored out of reach prior to taking the exam.

    Requirements:

    Software
    PV Value®—Ei Value®
    https://www.eivalue.com/

    • During this program, we will use the income capitalization approach through a DCF of the energy produced by the solar PV system. The software is free, has been vetted by appraisers, and is easy to use.
    • Note. The software is not the only tool available to develop a DCF. Appraisers with good Excel skills may have their own DCF that meets their needs.
    • Register for a free Ei Value® account to download the iPad app from the iTunes Store for tablet use. You will use this software to work on the case studies in this program.
    • Though dated, the original PV Value® user manual provides excellent information on the authors, the model, and the source of information.
    Roof Azimuth Tool—
    • This online tool from Solmetric can help establish an estimate of the azimuth when one is not available on site. Ei Value will allow you to estimate the azimuth also. PV Value does not have this capacity.
     

    Prerequisites
    • An Introduction to Valuing Commercial Green Buildings seminar OR
    • Valuation of Green Residential Properties seminar
     
    Course Materials & Recommended Books
    Pricing Options
    Rate Full Price AI Price
    Standard
    Today thru 10/17/2024
    $450.00 $400.00
    Have Exam Questions?
    Additional Course Offerings
    Sponsor Date Location Format
    Appraisal Institute On Demand Online View Details Register
    Event Information

    This class is at DePaul University - Loop Campus 1 E. Jackson.

    Before 8:30 am, enter the building at 333 S. State - go straight towards the escalators and make a left, take elevator to 8th floor. Come out of the elevator banks and go thru the set of chairs and make a left before the vending machines, the class in on the left and up the small set of stairs. This class is in room 8014.

    CCAI has negotiated discounted rates at CCAI has negotiated discounted rates at Royal Sonesta Allegro Hotel at 171 W. Randolph Hilton Garden Inn Hampton Inn Majestic Theater District , and the Canopy by Hilton Chicago Central Loop . All are within walking distance to the class location. Please click on the name of the hotel for discounts.. All are within walking distance to the class location. Please click on the name of the hotel for discounts.



    The class is scheduled to begin at 8:30 am and the doors will open at 8 am.  The class is scheduled to go until 4:30 pm.


    Print materials are available at the time of registration, they will not be available onsite.