Value For Solar System.

[prasercat]

It's kind of nit-picky, but for homes that are off the grid, or for areas with frequent power outages, wouldn't it simply be a matter of the benefit of solar panels offsetting the detriments of the location? Net zero adjustment in the Sales Comparison and an equalization of site cost in the Cost Approach. In those areas, I'd look at it less as an amenity and more as a cost of doing business (if you can apply that term to a residence).

The electric car analogy is a good one. Do buyers of solar powered homes pay any more attention to the cash flow than does the buyer of an electric car? What's the resale value like on electric cars? I'd guess that buyers pay an inordinate premium for new and want a significant discount for used, similar to how I think the market would react to new and used solar electrical systems.

No, I don't see it as "net-zero". I think the analogy is more like, you have a car with two engines, one runs on gasoline and the other on sunlight, so you have a car with two engines (like having solar PV and also have electric from the grid). Buyers should just want a car with an engine, that is, just what is needed to make it function (not two engines). If I live in an area without gasoline, then I need to have a car that runs on solar. I will value the solar engine since it provides the necessary "utility" and "functionality".

In areas where there is gasoline, I would likely just opt for the gasoline engine, forgo the second solar engine and save my money for some other need. The solar in that case isn't required for the utility required by the market - that is, a car that runs.

I value different heating systems differently; such as, electric baseboard, forced air furnace, hot water radiant baseboard, hot water radiant infloor heating (which depends upon market,size of house, quality, depreciation, etc.), so in this case, with solar electric, it could be any one these things but with the power source being electric instead of gas; however, there would be additional costs for the panels, the batteries, the electrical converters, transformers, etc.. There has to be a reason for the market to pay that extra cost and when there is no choice due to location- that makes a good reason!

While I have conducted no study of this, it only seems logical that buyers that own electric cars will want to have solar PV generation systems at home to recharge them. Therefore, as electric cars become more common, the demand for solar voltaic will increase.

 

[prasercat]

I doubt AMCs would pay for the additional trip fee to the rock Pluto.

Of course not, you'll have to go to Pluto and like it! All for the same everyday low fee lest Cosmo G Spacely stops sending you assignments. That's a very common tactic for AMC monopolies like Spacely Sprockets and even Cogswell Cogs.

If you do go, I would ask for an extra fee and don't forget to fill up at the Jupiter Gas-Giant on the way or you'll run out of gas long before you reach Pluto and you won't find any gecko in a space suit driving a tow truck all the way out there.

And if you have to stop and take a leak in space, just remember - don't pee into the solar wind!

 

[KD247]

... wouldn't it simply be a matter of the benefit of solar panels offsetting the detriments of the location?

I guess I'm thinking of the solar electrical system in the same terms as a private water well. A house requires a water supply, and the owners care mostly about whether water will come out when they open the tap. In terms of comparing properties, potential buyers wouldn't necessarily pay more for a more expensive well installation. (Except for considerations including potential cost savings versus installation cost plus maintenance.)

... The electric car analogy is a good one. ...

But it made my post confusing. I meant to say that the electric car is a good analogy only in terms of initial purchase price versus energy cost savings. These purchases sound rational but they are often emotional.

 

[Meandering]

Hey T,

I always have a sunny disposition :icon_lol: Didn't you see my happy face?

We may be dark and damp in most places, but they had major plans to put many solar farms on top of our little hills here.

Seems the windmills were making feathered hamburger chunks in the fields.

Anyway, the projects are stalled. Trying and get a straight answer is like trying to tie the shoe strings of a two year old that isn't yours. But apparently, it has to do with fewer and less government subsidizes.

But, most anyone can Google up "proposed solar farm" and the name of their state to see what the newspapers are reporting, and then follow up from there.

They have a niffty one out in the desert somewhere that reflect the sun to a monolith filled with salt, the sun melts the salt and the salt remains as the "stored energy" longer than the conventional hot water method.

That's the best thing about appraising, always something new to learn about and plenty of people to hash it about on the forum.


.

 

[Terrel L. Shields]

Seems the windmills were making feathered hamburger chunks in the fields.

Maybe that explains why there are so many feathers in the road down at Wilkes-Barre

 

[Meandering]

Maybe that explains why there are so many feathers in the road down at Wilkes-Barre

Well, if you're going up 81, yup could be that, but if you're going up 115,

Oh heck no.

That's those ding dong turkeys that Franklin loved so much.

Dumbest things on two feet until they invented AMCs.

Ever see a flock of turkeys in the road at 3 am all staring at the pavement?

 

[KD247]

... That's the best thing about appraising, always something new to learn about and plenty of people to hash it about on the forum. ...

When I recently installed a solar charging system on our motorhome, I wasn't prepared for the emotional benefits. After going for almost a year constantly worrying about draining the batteries, we can now relax and use as much electricity as we want, no matter where we are. I got the same rush from it as the one I felt when I got my first cell phone.

With prices dropping, I keep thinking that it would be fun to install a bunch of panels on our house and then set up a 12V system for household lighting. It would be very cool to be able to stop worrying about whether lights are turned off - but the greatest return wouldn't be in terms of the financial benefit, it would be mostly in terms of enjoyment.

 

[Meandering]

When I recently installed a solar charging system on our motorhome, I wasn't prepared for the emotional benefits. After going for almost a year constantly worrying about draining the batteries, we can now relax and use as much electricity as we want, no matter where we are. I got the same rush from it as the one I felt when I got my first cell phone.

With prices dropping, I keep thinking that it would be fun to install a bunch of panels on our house and then set up a 12V system for household lighting. It would be very cool to be able to stop worrying about whether lights are turned off - but the greatest return wouldn't be in terms of the financial benefit, it would be mostly in terms of enjoyment.

I think it was harbor freight or somewhere similar I saw a direct panel to light set up for the shed. One solar panel and a DC bulb, and thought that was the neatest thing.

The next thing was a toe behind trailer that flips up into all kinds of solar panels and batteries that you can take with you anywhere you need electric and don't have it.

But up here in the dark and dank. Our highest usage is winter, when there is little sun and little quality sun. So other than being a big expensive toy, the price has to be right to make it worthwhile.

But you got to hand it to some folks, cause they are making some really neat things with solar panels already.


.

 

[Meandering]

when they refine the technology that can advantage reflected light, or ambient light, that's when I'd be a buyer. From here to there, it's fun to watch.

But if you have seen the magnets that zoom around in a circle and produce electric, man, you just have to marvel at what some people think about all day long.

.

 

[KD247]

... But up here in the dark and dank. Our highest usage is winter, when there is little sun and little quality sun. ...

We'll probably be living close together soon but I'm not sure where. It all depends on whether we run out of water before you guys run out of energy.