How do you determine what a fair market value is for your home with a solar photovoltaic(PV) system?
Solar adds significant value to your home. When selling, buying, or refinancing a home with solar, there is a great new tool to help determine that value!
The value of your home is typically determined by analysis of other recent sales of homes that are similar to your home. This is called comparative market analysis (CMA).
What if those homes being used to determine value don't have Solar PV? Did you just loose you investment? No! But, how much value does that PV system add to your home?
A new online tool called PV Value, helps you determine the contributory value of that wonderful solar PV system on your home. Just input data into PVvalue.com: your geographic location, PV system details, PV system age, PV system improvements and maintenance, and PVvalue.com provides a one page report that demonstrates how much value in real dollars that the PV system adds to your home. Real estate agents, appraisers, and buyers can use this report to determine how much value to add to your home for that PV system!
Sample of PV Value report.
If you're in the Chicagoland Area, please contact me to help sell or buy a home with Solar. I am an industry expert and have sold dozens of homes with Solar and other green features in the Chicagoland market. Please contact me for a FREE MARKET ANALYSIS.
