Energy-proficient Appraisers Could Thrive in New Green Economy: The Appraisal Journal
April 13, 2021 08:30 AM
CHICAGO (April 13, 2021) – Real estate appraisers conversant in energy parlance could be crucial as the Biden administration’s focus on climate change and green energy solutions provides a boost to the renewable energy industry, according to an article published this week in The Appraisal Journal.
The Appraisal Journal is the quarterly technical and academic publication of the Appraisal Institute, the nation’s largest professional association of real estate appraisers. The materials presented in the publication represent the opinions and views of the authors and not necessarily those of the Appraisal Institute.
“Behind the Mystique: Valuation of Maturing Renewable Energy Projects,” by P. Barton DeLacy, MAI, SRA, AI-GRS, revisits the renewable energy market and how appraisers can participate in the greening of America. The renewable power industry has matured, with utility-scale wind and solar power plants now dominating some rural areas. This article identifies key issues for appraisers for assignments in property tax consulting, land lease analyses, land use impact studies and project finance valuations.
Read “Behind the Mystique: Valuation of Maturing Renewable Energy Projects” in the Winter 2021 issue of The Appraisal Journal.
“The Accuracy of Comparable Sales Data in Appraisal Reports: Evidence from California,” by Yanling G. Mayer, Ph.D., and Frank E. Nothaft, Ph.D., looks at the quality of comparable sales data, which is a key ingredient in an appraisal. The article describes situations that may make sales data unreliable and potential sources of data errors.
“Capital Reserve Studies,” by
y Patricia Staebler, SRA, explains association or community reserve funding. It shows the steps and components in a capital reserve funding study and explains how appraisers are well equipped to conduct such studies based on their expertise related to physical and financial aspects of properties.
“The Impact of Green Labels on US Hotel Net Operating Income: Operating Statements Analyses,” by Spenser Robinson, Ph.D., and A. J. Singh, Ph.D., is an article of interest from Journal of Sustainable Real Estate. The article compares LEED and Energy Star hospitality properties and the impact of those certifications on operating expenses, utility costs and net operating income.
The Appraisal Institute is a global professional association of real estate appraisers, with nearly 17,000 professionals in almost 50 countries throughout the world. Its mission is to advance professionalism and ethics, global standards, methodologies, and practices through the professional development of property economics worldwide. Organized in 1932, the Appraisal Institute advocates equal opportunity and nondiscrimination in the appraisal profession and conducts its activities in accordance with applicable federal, state and local laws. Individuals of the Appraisal Institute benefit from an array of professional education and advocacy programs, and may hold the prestigious MAI, SRPA, SRA, AI-GRS and AI-RRS designations. Learn more at www.appraisalinstitute.org.