Value of whole home solar PV system

[gregb]

If an actor buys a Ferrari for $250K, drives it for a year and some foolfan wants to buy it for $350K, why would said actor let it go for less than $350K?

 

[Andrei Fin]

Fannie just put out this video on solar valuation-

 

[Renee Healion]

...
I really need to take that AI class. If just only for the knowledge and self improvement.

Take the class. Then you will know if you want to do these assignments or why you might not. Besides, you are always curious about this, so it will be interesting.

You will be able to develop an opinion on what makes sense to do and what does not. It is appraising; it is not a predetermined conclusion. Try it before the robots start doing it because appraisers don't wanna.

 

[Carnivore]

Fannie just put out this video on solar valuation-

Pay attention to the video at about 1:57 that is an interesting foot note

 

[Meandering]

Why assume an outcome of a valuation? Why assume the outcome favors a cause? Why insult the appraiser who applies recognized, accepted appraisal methods? Why assume their inputs and analysis are not appropriately developed and used? Why keep guessing here?

Is the state reporting the most prevalent options chosen buy buyers? Because that right there, is the evidence of the "market value" of existing systems.

That can be the market value of the systems, but the appraisal assignment is find the market value of the real property- and then the solar system is considered in its contributory value to the whole. (which might be different than what buyers are paying for solar system as a stand alone retail purchase.

No assumption at all, it's only data points,
which options did buyers chose, is no different than how much did a buyer pay for a different property.

'Cept, with the property prices, the buyer has wider options, not limited by the state. And, the seller has choices of different buyers.

With solar income/savings, the options are limited by law and regulation and differ from one utility company to the next. And, the buyer is limited to only the utility company connected to the property. No other buyer, No other options.



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[djd09]

Fannie just put out this video on solar valuation-

I thought Big Data had all the answers.

 

[Terrel L. Shields]

Sunk cost.

zackly… if "owned" the system cost is not relevant. The payments are not relevant. The maintenance costs are marginally relevant in the same sense as the other short term obsolescences found in the house, and not many people address those short and long term items outside apartment appraisals.

2 plus 2 equals four

Easier to prove 2 + 2 = 4 than it is to prove a unicorn "adjustment" based on "paired" sales when such pairs are a convoluted mess. In those cases, you have SUPPORTED your adjustment clearly when neither method can PROVE it.

 

[Renee Healion]

No assumption at all, it's only data points,
which options did buyers chose, is no different than how much did a buyer pay for a different property.

'Cept, with the property prices, the buyer has wider options, not limited by the state. And, the seller has choices of different buyers.

With solar income/savings, the options are limited by law and regulation and differ from one utility company to the next. And, the buyer is limited to only the utility company connected to the property. No other buyer, No other options..

I find property rights limited by many forms of regulation, code, by mortgage rates, by tax policy, available utilities, CC&R, etc.

But okay, assuming the facts were just as you say, why wouldn't you perform an appraisal based on them? Wouldn't your impartial, independent, objective opinion of value be useful to the client? It seems to me you are not arguing against methodology as much as against appraising at all.