Appraisal Should An Adjustment Be Made For Solar Panels Financed

If you own a home with a solar system the fha requires to your benefit that its value be assessed and added to the total appraisal value of your home when you want to sell it.

Appraisal should an adjustment be made for solar panels financed.

How many appraisers have boosted for solar on leased and non transferable systems. For an overview of solar panels methods of valuation and challenges of appraising properties with solar check out our recorded webinar appraising solar panels. If your solar panel system is financed via an unpaid loan you are obliged to make monthly payments to cover your debt ownership depends on the contract signed with the lender. The interest rate on a refinance is typically lower than a solar loan.

Solar panels financing through a loan that has since been paid in full means that you are now the owner of the system. The only solar system which deserves a boost in the appraisal analysis is an owned system. Buhler has over 25 years of appraisal experience and specializes in the valuation of energy efficient homes which are increasingly. However if you do not own your panels whatever value that they may add cannot be included for an fha assessment.

A primer presented by instructor mark buhler. Whether the solar panels are leased and owned also may affect the appraisal. A refinance may require an appraisal but should address the value the system may or may not add to the property. This additional financial commitment makes it harder to market and sell the property.

This can be avoided by refinancing the house to finance the system. Otherwise it s as much of a leased responsibility as it is a benefit given the uncertainties over the long term.