[BLDG-SIM] property values and solar energy
Vikram Sami
VSami at lasarchitect.com
Sat Sep 29 12:42:12 PDT 2007
Actually a good online resource for sizing, estimating and getting
installers for solar systems is www.findsolar.com . They have a
property value calculator as well. Hires an excerpt from it:
How do you calculate the increase in property value?
We assume installing solar energy systems will increase the value of
your property. In many states this increase in value is exempt from
property tax.
How much your property appreciates depends upon many factors. For our
calculations we have assumed the value of your property will increase
by:
* Solar Electric (PV): Twenty times (20x) your 1st-year utility
savings. (So Brian this matches your estimate)
* Solar Thermal (water, pool, spa): Fifteen times (15x) your
first-year utility savings.
Actual situations will vary.
Annual savings from a solar system should appreciate for the first 10-15
years for PV (about 10 years for solar thermal), in line with utility
rate inflation. After that, the savings may start to diminish as the
solar system nears its end of life.
* - Source: Payback & Other Financial Test for Solar on Your Home
<http://www.findsolar.com/pdfs/solar_payback.pdf> .
Here's another paper they reference:
http://www.findsolar.com/pdfs/solar_payback.pdf
Hope this helps.
Vikram Sami, LEED AP
Direct Phone 404-253-1466 | Direct Fax 404-253-1366
LORD, AECK & SARGENT ARCHITECTURE
1201 Peachtree Street NE, Suite 300, Atlanta, GA 30361
Responsive Design * Technological Expertise * Exceptional Service
www.lordaecksargent.com
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________________________________
From: BLDG-SIM at gard.com [mailto:BLDG-SIM at gard.com] On Behalf Of Brian
Thornton
Sent: Monday, September 24, 2007 12:10 AM
To: BLDG-SIM at gard.com
Subject: [BLDG-SIM] property values and solar energy
Anyone have information on property value increases for including/adding
solar energy (photovoltaics, and or hot water) to residential and/or
commercial buildings.
There is a reference out there to the Appraisal Journal saying 1$
reduction in utility bills equals $20 in increased property values. But
this is for conventional conservation improvements for residential.
Does it apply to solar energy generation?
Thornton Energy Consulting
p. 503-231-6600 f. 503-231-3555
thorntonenergy at comcast.net
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