Valuation Resources for Solar Photovoltaic Systems
Photovoltaic systems, also called PV systems, generate electricity from the sun. When added to a property, PV systems can power home appliances, lights, air conditioning, cell phones, and other electrical devices. There are over one and a half million households, nearly a 2% residential adoption rate, in the United States with solar energy systems, and the number of solar installations is expected to grow exponentially in the coming years. For most appraisers, however, developing the value of solar is a new frontier. But as the demand grows for appraisers who can properly value solar homes, forward-thinking appraisers will have a market edge. They’ll be able to differentiate themselves from their peers by serving as a local source of information on solar.