Residential and Commercial Valuation of Solar

Some AI educational programs may not be approved in every state.

Students should check state approvals prior to registering for any Appraisal Institute program.

To register for this program, go to the bottom of the page.



Who should enroll
  • Real property appraisers
  • Assessors
  • Underwriters
  • Lenders
  • Builders
  • Real estate agents
  • Quality control personnel
  • Architects
  • Engineers
  • Solar installers
Description

The number of solar photovoltaic (PV) system installations is continuing to increase as the price becomes more feasible in many markets. Appraisers will find the valuation a challenge without knowledge of the technology and data available to use the most appropriate methodology. Appraisers must expand their knowledge base to understand how electricity is priced, how solar PV is priced, and how solar PV functions to develop a credible value. If you are seeking education that will hone your skills or teach you new ones, this is the course for you.

Residential and commercial appraisers will work together to apply an income capitalization approach and cost approach to valuing energy produced for solar PV systems. All you need is a tablet or iPad, with Internet access, and you’ll be able to use free online software to value the energy that solar systems produce.

Please note. This course does not address utility-scale solar (solar farms), solar thermal, or other on-site renewable energy generation.

Note. This course is in the Valuation of Sustainable Buildings Professional Development Program. View this list of FAQs, which includes information regarding the courses you’ll need to complete the program successfully.

Objectives
  • Recognize key solar PV terms.
  • Identify and use the documents and data necessary to value solar PV systems.
  • Describe and analyze solar PV components and identify their relevance to market valuation.
  • Develop a credible value opinion using tools, worksheets, and resources provided in the course.
  • Recognize potential valuation problems, including USPAP and lender/underwriter concerns.
Prerequisites
  • An Introduction to Valuing Commercial Green Buildings seminar OR
  • Valuation of Green Residential Properties seminar
 


Refer to this page for details of state approval hours for this course.

  • Attended Only:

    150
  • Attended Only:

    150
  • Attended Only:

    150
  • Attend and Pass Exam:

    200
  • Attend and Pass Exam:

    200
  • Attend and Pass Exam:

    200
14 hours
90
Not for Classroom. Online Only: 

Participants must complete mandatory assignments in this program. Please plan your time accordingly and allow up to 5 days for the instructor to review your assignments. The instructor may ask for a re-submission of incomplete assignments. You may advance through the program while you are waiting for your instructor to review your work. You may also contact the instructor to request expedited review.

Yes
1
Intermediate

Software
PV Value®—Ei Value®
https://www.eivalue.com/

  • During this program, we will use the income capitalization approach through a DCF of the energy produced by the solar PV system. The software is free, has been vetted by appraisers, and is easy to use.
  • Note. The software is not the only tool available to develop a DCF. Appraisers with good Excel skills may have their own DCF that meets their needs.
  • Register for a free Ei Value® account to download the iPad app from the iTunes Store for tablet use. You will use this software to work on the case studies in this program.
  • Though dated, the original PV Value® user manual provides excellent information on the authors, the model, and the source of information.
Roof Azimuth Tool—
  • This online tool from Solmetric can help establish an estimate of the azimuth when one is not available on site.
 

Online Education FAQ

 

Software

PV Value®(computer) or Ei Value®(iPad)

  • During this program, we will use the income capitalization approach through a DCF of the energy produced by the solar PV system. To do this, the software below is free, has been vetted by appraisers, and is easy to use.
  • Computer: Register for PV Value at https://www.pvvalue.com. Register as an appraiser. When working the case studies, say you are a licensed appraiser in the state of the case study to produce the final pdf of the worksheet.
  • iPad: Register for Ei Value at https://www.eivalue.com.  Then download the iPad app from the iTunes Store. You will use this software to work on the case studies in this program.
  • Note: The software above is not the only tool available to develop a DCF. Appraisers with good Excel skills may have their own DCF that meets their needs.
  • Though dated, the original PV Value® user manual provides excellent information on the authors, the model, and source of information.
Roof Azimuth Tool - http://tools.solmetric.com/Tools/roofazimuthtool
  • This online tool from Solmetric can help establish an estimate of the azimuth when one is not available on site. 
Synchronous Requirements

If you choose to download course materials, it is best to bring a printed hard copy to class since it is difficult to change computer screens to find the data needed for using the software in solving the case studies.

This course is approved for 15 GBCI CE Hours by the USGBC.

You will be asked to clear the calculator’s memory before and after the examination. Only one calculator is permitted in the testing room. Examinees taking most AI exams may bring their own calculator to use during the exam. Laptops, cellular phones, tablets, iPads, wearable technology (smart watch, Apple Watch, Google Glass, etc.), and other devices that can store data or connect to the Internet are NOT permitted during the exam. In addition, all watches, wallets, bags, and purses must be removed and stored out of reach prior to taking the exam.

Exam:
This course contains a proctored, offline exam that may be required for credit in some states. Please contact your individual state(s) for specific exam requirements or email ol-help@appraisalinstitute.org. Participants taking the class for the Professional Development Program are required to pass the exam. You will have 90 days from the time that you complete the course to take the exam. Testing center locations in your area can be found by clicking on this link: www.pearsonvue.com/ai.
Exam FAQ

Program Access:
Allow 1 hour after registration to start an online session in progress (on or after the session start date). Go to www.appraisalinstitute.org and log in with the username and password you used when you registered. You will automatically be taken to the “My Appraisal Institute” page. Near the middle of that page, your course or seminar will be listed with a link next to it that says, "Go To Class."

This course is approved for 15 GBCI CE Hours by the USGBC.

Disclaimer:
I agree to the terms and policies set forth under the Appraisal Institute Online Education Policy. I also certify that I am the person identified above under Personal Data and that I will personally complete each assigned module of instruction and any examination(s). I understand and agree that if I misrepresent my identity or arrange for someone else to represent himself or herself as me at any time during the Appraisal Institute online course or seminar, I will be immediately removed from the course or seminar and I will not be entitled to any refund. I further understand that if I am a Designated member, Candidate for Designation, Practicing Affiliate, or Affiliate of the Appraisal Institute and participated in any misrepresentation of identity, by affirmative act or failure to act, I will be the subject of a peer review proceeding under Regulation No. 6 for violation of the Code of Professional Ethics and Standards of Professional Practice of the Appraisal Institute, and such peer review proceeding may result in termination of my Appraisal Institute membership, candidacy, and/or affiliation.



Classroom Offerings

Sponsor Date Location Instructor(s)

Synchronous Offerings

No offerings at this time

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