Home appraisers haven’t been trained or educated regarding the process of evaluating homes that have a solar panel system installed. There’s no national standards for home appraisers to help attach a value to solarized homes as compared to non-solarized residences.
Ken Chichester of the Appraisal Institute in Chicago says “One of the challenges that appraisers face in ‘green’ valuation is the lack of available data and standards,” he said.
He admits his industry doesn’t have the tools it needs to access the added value that solar installations provide homeowners.
Home appraisers need to wake up to the reality that a home is worth more when it’s been upgraded with solar panels producing energy and heat at a lower cost for the potential buyers.
More on this interesting subject at The Philadelphia Inquirer.
Solarized Homes Receive No Love from Home Appraisers
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