Solar photovoltaic (PV) installations on some US homes still receive no value during an appraisal because\ comparable home sales are lacking. This first-of-its-kind study uses appraisal methods to evaluate sale price\ premiums for owned PV systems on single-unit detached houses across six states that were also evaluated in\ a large statistical study. The results provide strong, appraisal-based evidence of PV premiums in all the states\ studied, and the results support use of cost- and income-based PV premium estimates when paired sales\ analysis is impossible. The appraised premiums agree with statistical modeling results, which bolsters the\ suitability of both approaches for estimating PV home premiums.
}, year = {2016}, booktitle = {The Appraisal Journal}, journal = {The Appraisal Journal}, series = {The Appraisal Journal}, volume = {84}, pages = {27-42}, month = {04/2016}, institution = {The Appraisal Institute}, publisher = {The Appraisal Institute}, issn = {0003-7087}, note = {Reprinted with permission from The Appraisal Journal (Winter, 2016). {\textcopyright} 2016 by the Appraisal Institute,\ Chicago, Illinois
This paper received the\ 2016 Armstrong/Kahn Award\ for the most outstanding original article published in The Appraisal Journal during the previous year.
This paper was based on work published in a larger LBNL report found here.
}, }