How PV system ownership can impact the market value of residential homes [electronic resource].

Published:: Washington, D.C. : United States. National Nuclear Security Administration, 2014.
Oak Ridge, Tenn. : Distributed by the Office of Scientific and Technical Information, U.S. Dept. of Energy
Physical Description:: 34 pages : digital, PDF file
Additional Creators:: Sandia National Laboratories, United States. National Nuclear Security Administration, and United States. Department of Energy. Office of Scientific and Technical Information

Access Online

www.osti.gov

Availability

Finding items...

Restrictions on Access:

Free-to-read Unrestricted online access

Summary:

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.

Report Numbers:

E 1.99:sand2014--0239
sand2014--0239

Subject(s):

Note:

Published through SciTech Connect.
01/01/2014.
"sand2014--0239"
"495661"
Geoffrey Taylor Klise; Jamie L. Johnson.

Funding Information:

AC04-94AL85000

View MARC record | catkey: 23761870