Florida Solar Panel Appraisal

A primer presented by instructor mark buhler.

Florida solar panel appraisal.

Florida statute 163 04 forbids any binding agreement between hoas or otherwise to prohibit a property owner from installing solar. Bill has been designing and installing residential and commercial solar energy systems since 1984. She is one of the authors of the sunshot study selling into the sun. Whether a solar panel system is leased or owned the current home owner or future homeowners of the solar panel system can look forward to years of prepaid electricity at a locked in discounted per kilowatt.

Says top 1 real estate agent thomas braunagel of bridgeport ct anybody can quote this super efficient july 15th but what really counts is when you average it out over the course of the year and this means factoring in the rainy months and. Sandra adomatis is on a quest to unite appraisers and installers so solar is properly valued on homes. He is one of florida s true industry veterans and has completed the florida solar energy center s photovoltaic system design program. That kind of system is not covered in this report.

Appraisal news solar panel system solar panels solar pv systems. Florida solar is owned and operated by bill park. It can potentially increase the home s value by up to 4 1 more than comparable homes with no solar panels. Price premium analysis of a multi state dataset of solar homes.

Homeowners associations in florida. The cherry on top. In addition to florida s net metering policy and tax exemptions to encourage solar energy the federal government gives you another huge incentive known as the investment tax credit itc. The federal solar tax credit.

Whether the solar panels are leased and owned also may affect the appraisal. Many appraisers are taking the position that there is no added value and perhaps some diminished value with leased solar panels because the buyer must assume the lease. Aga mnaa accredited green appraiser licensed in wa state since 2003. An hoa may restrict where you place your solar panels but not if the system s performance suffers as a result.

Plenty of solar companies like to quote the savings you ll generate on the hottest and longest days of the year. For an overview of solar panels methods of valuation and challenges of appraising properties with solar check out our recorded webinar appraising solar panels. Buhler has over 25 years of appraisal experience and specializes in the valuation of energy efficient homes which are increasingly. This additional financial commitment makes it harder to market and sell the property.

Adomatis is an appraiser in punta gorda florida and is considered an expert in green valuation. By the way a different solar panel system is designed to heat water.