An Analysis of Solar Home Paired Sales across Six States
Date Published |
04/2016
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Publication Type | Journal Article
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Authors | |
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LBL Report Number |
LBNL-1005058
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Abstract |
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. |
Notes |
Reprinted with permission from The Appraisal Journal (Winter, 2016). © 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. |
Journal |
The Appraisal Journal
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Volume |
84
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Year of Publication |
2016
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Issue |
1
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Pagination |
27-42
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Publisher |
The Appraisal Institute
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ISSN Number |
0003-7087
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Organizations | |
Research Areas | |
File(s) | |
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