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So solar homes or homes with host-owned solar photovoltaic systems are sold at a premium. That’s compared to homes without PV systems. This is according to a study reported in an article. All of this was published in The Appraisal Journal.
As written before and solar has great value and energy savings. Also, solar PV systems emit zero carbon dioxide during operation. Thus solar PV can also be a force for shutting down bad energy. I mean the primary driving force behind global warming and climate change.
What about the energy used to make PV panels?
If fossil fuels are used to make PV panels all good. Because those fuels will emit carbon dioxide. Studies have shown that it takes 2 to 2.5 years of operation for a crystalline silicon PV panel’s output to match the energy used to make the panel.
Furthermore solar PV has an estimated lifetime of 30 years. So that means more than 90% of the energy produced by a PV panel is entirely free of pollution. If solar panels are manufactured using solar electricity even better. Like in a kind of PV “breeder” factory. All powered by for example by PV. So then the PV panels come out of that factory are 100% carbon-free.
So back to the study, The Appraisal Journal is the quarterly technical and academic publication of the Appraisal Institute. It’s also the nation’s largest professional association of real estate appraisers. In addition, the materials presented in the publication represent the opinions and views of the authors. It is as well not necessarily those of the Appraisal Institute.
“An Analysis of Solar Home Paired Sales across Six States,” by Sandra K. Adomatis, SRA, LEED Green Associate, and Ben Hoen. It examines a first-of-its-kind study that also uses complex appraisal methods. All comparing sale prices of homes with host-owned PV systems across six states. Then comparing them to the sale prices of similar homes without PV systems.
The study also found that homes with PV systems sold at a premium. Most noteworthy this is in all six states. It also supports the use of cost and income based PV premium. Especially estimates when paired sales analysis is impossible.
In addition, Sandra K. Adomatis, SRA, LEED Green Associate. Sandra is also involved in the development of educational materials in the Appraisal Institute. She’s in addition working on the Valuation of Sustainable Buildings Professional Development Program. As well, she is the author of Residential Green Valuation Tools. Furthermore, she is also an author and co-author of articles in The Appraisal Journal. Finally, she assisted in the development of the Appraisal Institute’s Residential Green and Energy-Efficient Addendum.
Furthermore, Ben Hoen is a staff research associate in the electricity markets and policy group at Lawrence Berkeley National Laboratory. Ben has a master’s degree in environmental policy from Bard College. As well as a bachelor’s degrees in finance and business from the University of Maryland.
Furthermore, he is an Affiliate member of the Appraisal Institute. In addition, Ben has authored or co-authored papers published in the Journal of Real Estate Research. As well as the Contemporary Economic Policy and Energy Economics. Finally, he also did a chapter in the book Towers, Turbines and Transmission Lines: Impacts on Property Values (Wiley-Blackwell).
In conclusion and to Read “An Analysis of Solar Home Paired Sales across Six States” in the Winter issue of The Appraisal Journal.
Source: The Appraisal Institute, CHICAGO (March 29, 2016)
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