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:
Table of Contents and Overview
Course Schedule

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. 

Additional Information:

Course Materials Include:

• Course Handbook (362 pp.)
• Pre-Class Memo (1 p.)
• Pre-Class Downloads (2 KB)

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.

Requirements:

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.

• 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