Solar Energy Real Estate Appraisals

There is an updated form released by the Appraisal Institute® called the Residential Green and Energy Efficient Addendum (Form 820.04). This form provides a way to value solar energy systems on homes that allow the value to be included in residential and commercial real estate appraisals. It has long been known that solar energy system increase real estate values and reduce the time on the market for home sales. Only recently have widely accepted tools been released. Since there are so many solar panel systems in Southwest Florida, it’s important that real estate professionals understand the implications during the valuation and buying process so they can advise clients accurately.