Solar Power value increase

[Terrel L. Shields]

ANOTHER post where the person posts once and is gone.

Their question was answered. We're good, you know.

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I was in Springfield AR recently. Don't blink or you miss it. I was recently also in Damascus, Cleveland, London, Austin, El Paso, Jerusalem, Paris, and Havana (all in AR) I'm not sure if all of them combined has as many as 5,000 residents.

 

[breakmaker]

Won't really matter as the home owner with the solar believes the guy that just sold him solar and everything to gain and not the appraiser that has years of experience and nothing to gain.

 

[Carnivore]

If you leased or financed it separately from your mortgage it has no contributory value until paid off per Fannie Mae guidelines. How much was the cost? How much was the electric bill before the system? After the system? Will there ever be months when it does not cover the entire amount of electricity needed? That is the biggest complaint here is sunny, Texas. They have a solar payment and they are still getting a electric bill too.

That's not necessarily true, but I get your drift responding to the OP. You could complete a Pvt appraisal of a house with PV Panel system that has a current loan under a hypothetical. I would use extreme caution on a private assignment.

FNMA does have specific requirements for refinance. There position is they MUST be in the 1st position in the event of a subsequent sale as a result of foreclosure. They say the Lender is responsible(not you) for that determination. They even say the lender should use legal Counsel. What has happened in the past is Some UCC have been incorrectly recorded. blah blah. You know how AMC's are always looking for short cuts.

https://selling-guide.fanniemae.com...4635601/What-is-required-for-solar-panels.htm

"Lenders are responsible for ensuring the appraiser has accurate information about the ownership structure of the solar panels and that the appraisal appropriately addresses any impact to the property’s value. Separately financed solar panels must not contribute to the value of the property unless the related documents indicate the panels cannot be repossessed in the event of default on the associated financing. Any contributory value for owned or financed solar panels must comply with Energy Efficiency Improvements in B4-1.3-05, Improvements Section of the Appraisal Report.