Mikeyvee17
Freshman Member
- Joined
- Oct 1, 2015
- Professional Status
- General Public
- State
- New York
Hello Appraiser Community,
I recently had an appraisal done on my home where the appraiser specifically mentioned in the report that there was no value given to my solar PV system. I have read numerous articles and case studies, including an article on the Appraisal Institute website that states if there is no comparable sales to value a solar PV system, the appraiser has resources available to assign a value. My home is located on the North Shore of Long Island, New York. I am just wondering, did the appraiser truly do his job by saying my solar system has no value because he was unable to find a home sale that had a solar system? I have tried speaking with the appraiser who told me "no, you are wrong, this is how it is" I have also tried speaking to the staff appraiser at my bank who also said "No, what you are saying is just not accurate" Please help - I very well could be wrong but I do not understand how no value can be given to a 7.5 KwP rooftop Solar PV system which generates over 100% of my electricity. Thank you in advance!
I recently had an appraisal done on my home where the appraiser specifically mentioned in the report that there was no value given to my solar PV system. I have read numerous articles and case studies, including an article on the Appraisal Institute website that states if there is no comparable sales to value a solar PV system, the appraiser has resources available to assign a value. My home is located on the North Shore of Long Island, New York. I am just wondering, did the appraiser truly do his job by saying my solar system has no value because he was unable to find a home sale that had a solar system? I have tried speaking with the appraiser who told me "no, you are wrong, this is how it is" I have also tried speaking to the staff appraiser at my bank who also said "No, what you are saying is just not accurate" Please help - I very well could be wrong but I do not understand how no value can be given to a 7.5 KwP rooftop Solar PV system which generates over 100% of my electricity. Thank you in advance!