Meeting Archive:
Appraising Into The Sun: Six-State Solar Home Paired-Sales Analysis


Meeting Description:
A New Berkeley Lab Study with Seven Appraisers Across Six States Finds Extra Value for Solar Homes
 
According to a new report co-led by a researcher from the U.S. Department of Energy’s Lawrence Berkeley National Laboratory (Berkeley Lab) and a green home appraisal expert, who engaged a team of seven appraisers from across the six states, host-owned solar photovoltaic (PV) systems added value to single-family homes at the time of sale.
 
The authors found premiums that were in-line with other estimation methods such as the cost and income approaches.  These results will benefit appraisers, REALTORS, and mortgage lenders who increasingly are encountering PV homes and must understand the factors that contribute to and detract from market value.  
 
The report will also be valuable to solar industry market participants and policy makers who can benefit from a detailed understanding of how the real estate market responds to solar homes.
 
Join the report authors, Sandra Adomatis and Ben Hoen, as they describe the dataset, methodology, and results of this new report.  
 
Download the report here. (This will not be available until after the report is released)
Details
Date: Thu, Nov 12, 2015
Time: 04:00 PM EST
Duration: 1 hour
Host(s): Ben Hoen & Sandra Adomatis
 Presenter Information
Sandra Adomatis
Speaker Photo

Sandra Adomatis, SRA, LEED Green Associate, of Adomatis Appraisal Service, is an appraiser who helped develop the Appraisal Institute’s Green Addendum, has written and spoken extensively on valuing green features, and is the author of the recently published Residential Green Valuation Tools (2014).

Ben Hoen
Speaker Photo

Ben Hoen, Staff Research Associate at Lawrence Berkeley National Laboratory, has been at the forefront of analysis of market impacts of solar homes since publishing Berkeley Lab's analysis of California solar home sales in 2011.  Most recently he was the lead author of, "Selling Into The Sun" (2015), a statistical analysis of almost 4,000 solar home sales in eight states.