Residential and Commercial Valuation of Solar

• 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.

Program Overview:

Online Syllabus

Assignments:

Equipment:

• A financial calculator is required. The accepted model used in the program is the HP-12C. AI education programs that require a financial calculator are developed with HP-12C keystrokes; using this model is highly recommended.
• You must be familiar with calculator operation when the program begins. Do not enroll expecting to be taught how to use a financial calculator.
• Free Review: Using a Financial Calculator: Formulas, Symbols, Math Review, and Sample Problems; and Financial Calculator Practice Exercises.
• For additional help with the HP-12C calculator, take our online seminar Using Your HP-12C Financial Calculator.
• HP-12C calculator User’s Manual.

Additional Information:

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. 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

Online Course Access
Go to www.appraisalinstitute.org and log in with the username and password you used when you registered. Click on the red “My Account” button if you are not automatically taken to your account page.
1. Click "Education and Events" on the right navigation menu.
2. Find the course under the “Online Courses” heading and click the “Begin” button.
IMPORTANT NOTE: Once this button is clicked, your access length time (e.g. 90 days) will begin. Only click when you intend to start the course. If you are returning, once you have started the course, click the “Continue” button to continue.

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

Other Details
For information about how on demand online education programs work, registration and cancellation policies, and other details, see our On Demand Online Education Frequently Asked Questions or email ol-help@appraisalinstitute.org.

Requirements:

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.

• This online tool from Solmetric can help establish an estimate of the azimuth when one is not available on site. Ei Value will allow you to estimate the azimuth also. PV Value does not have this capacity.

• Residential Green Valuation Tools
• The Valuation of Green Commercial Real Estate