Maria Zipf (Realty Executives Southern Arizona)

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Rainer
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Caroline Gerardo
Eagle Home Mortgage, LENNAR HOMES Home Loans - Newport Beach, CA
C. G. Barbeau the Loan Lady

Solar for lenders is never included in appraisal or value. It can be moved. I have an all solar house. I own the equipment and this is VERY unusual. Most get in these wacky contracts with Solar City - Solar City agrees to "maintain" the panels in exchange for owners of house giving units to Solar City, there would be no value benefit in this case. Another solar scenerio is the HATED HERO program where the panels again have no value, perhaps a negative value. Solar technology has zoomed in the past two years. Panels older than 3 years are pretty ancient compared to today's which are 80% cheaper, lighter and provide more efficiency

Nov 04, 2016 07:39 AM
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Fred Griffin
Frederick Griffin, Exclusive Buyer's Broker - Tallahassee, FL
Licensed Florida Real Estate Broker

Intangible amount.

Nov 04, 2016 11:56 AM
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Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

Electricity is just part of gas & electric. Lets take the worst case, a pool, central a/c.  Gas powered heat. $200 x 72 month(avg staying for a family at that house)=$14.5K max is what the occupants will spend. Keep in mind during spring or fall usage is a fraction.  For the solar paneled owner occupied there is a max life they will last.  If it is leased it is a liability few come out ahead. I would also want to know how much you get paid from utility company for giving back to the grid. 

Nov 04, 2016 07:09 AM
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Paul S. Henderson, REALTOR®, Broker, Tacoma Washington
RE/MAX Professionals. - Tacoma, WA
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You would have to find comps to justify your assumption for your area...

Nov 04, 2016 11:04 AM
Rainmaker
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Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Maria Zipf I don't think it has any impact on value. The purchaser will however benefit from a low utility bill.

Nov 04, 2016 08:01 AM
Rainmaker
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Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale - Probate Specialist

I am with Fred Griffin on this.  

Nov 05, 2016 03:28 AM
Rainmaker
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Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Waxhaw/Fort Mill Area Realtor

Have never seen such a house, solar is rare here, so no idea how to monetize the value.

Nov 04, 2016 08:55 PM
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John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Maria Zipf I think, it depends. Good question!

Nov 04, 2016 02:00 PM
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Debbie Reynolds
Berkshire Hathaway HomeServices PenFed Realty, Your Clarksville Real Estate Professional - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

I spoke with an appraiser a couple of weeks ago and he said there is no extra appraised value for this. The vlaue is in the eye of the user and the savings on utility bills or sell back of the extra current.

Nov 04, 2016 01:00 PM
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Sybil Campbell
Long and Foster REALTORS® 5234 Monticello Ave Williamsburg, Virginia - Williamsburg, VA
REALTOR® ABR, SFR, SRES Williamsburg, Virginia

That would be a good question for an appraiser!

Nov 04, 2016 12:44 PM
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Jeff Dowler
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude - Carlsbad

I don't think there is any impact on value, and they are not included in an appraisal. Some buyers may like that it has solar but aren't likely to be willing to pay other than market value of a comparable non-solar home

Nov 04, 2016 12:41 PM
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Debbie Laity
Cedaredge Land Company - Cedaredge, CO
Your Real Estate Resource for Delta County, CO

This is really going to depend on your market. Is solar common? Do you have to educate buyers? Some just don't get solar. Some think you can't benefit from solar on a cloudy day. You can if you have the batteries to store it. In most areas I don't think it adds to the value. 

Nov 04, 2016 12:39 PM
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Olga Simoncelli
Veritas Prime, LLC - New Fairfield, CT
Broker-Owner, RE Consultant, Licensed in CT & NY

Too complex to boil it down.

Nov 04, 2016 12:17 PM
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Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • Green • GRI • HAFA • PSC Los Angeles CA

I hope, the house has more than just solar panels, since they loose value quiet fast.

Nov 04, 2016 10:07 AM
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Mary Yonkers
Alan Kells School of Real Estate/Howard Hanna Real Estate - Erie, PA
Erie/PA Real Estate Instructor

Maria Zipf Tell us more.

Nov 04, 2016 08:10 AM
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Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

There will always be an electric bill for they charge for their service connection and you will need that on stormy, cloudy days. Usually, a solar system discounts the utility bill by a hefty percentage. My most recent sale with solar cut usage by 50%. Listing price is market influenced as in supply & demand...separate from optional solar dynamics

Nov 04, 2016 07:50 AM
Rainmaker
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Corinne Guest, Managing Broker
Barrington Realty Company - Barrington, IL
The Choice of Professionals

Not sure people would see value, maybe even a de-value. If it were that good more home-owners would have it and we don't.

Nov 04, 2016 07:08 AM
Rainer
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Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

If your ideal buyer is a shelter seeker, reduced living expenses the way to present the value.

But you must ask, "Who does such a house appeal to MOST?"

Why?

Now you can add value. Any agent who allows the appraiser to establish the value of the house should not be in real estate. Your job is to get the appraiser/lender out of the equation.

Nov 04, 2016 06:34 AM
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Bob Crane
Woodland Management Service - Stevens Point, WI
Forestland Experts! 715-204-9671

Value is in the eye of the buyer, some will look at this as a plus that goes far beyond the value of the energy bill.

Others will look at it as a liability, especially if a slimy lease is involved.

Nov 04, 2016 06:33 AM
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Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

No idea.

Nov 06, 2016 07:56 PM
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Ryan Huggins - Thousand Oaks, CA
www.HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Awesome question!  If the solar is owned instead of leased, that would have value.  If it's leased through a lien on the home (like a PACE loan), then it is a huge detraction.  It also depends on the price of electric.

 

If it's an owned system, then there is value to the system depending on it's life and how much of the new owner's utilities will be covered.  There is also the "psychological" value to people like me, for being able to be off the grid and to be able to have power in the event of a blackout/grid failure/natural disaster.

Nov 06, 2016 03:01 AM
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Debe Maxwell
www.AtHomesCharlotte.com | The Maxwell House Group - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

What Caroline said!  Doesn't impact the value to an appraiser - but, may be of more value to the buyer with the monthly savings!

Nov 05, 2016 11:34 AM
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Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

It has value but the amount is difficult to determine.

Nov 05, 2016 10:05 AM
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Sandy Padula and Norm Padula, JD, GRI NMLS#1483386
Allison James Estates & Homes & Pacific Sotheby's International Realty - Carlsbad, CA
Presence,Persistence & Perseverance

As you already have been told, and in my opinion, the real value is up to the buyer to determine.

Nov 05, 2016 04:51 AM
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Michael Jacobs
Coldwell Banker Residential Brokerage - Pasadena, CA
Pasadena CA Real Estate 818.516.4393 Cell

Interesting question.   It may have some perceived value but not sure if it would relate to monetary value.   

Nov 05, 2016 04:40 AM
Rainmaker
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Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

Blog about what you recommend.

Nov 05, 2016 01:58 AM
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Harry F. D'Elia
Real Estate and Beyond, LLC - Phoenix, AZ
Investor , Mentor, GRI, Radio, CIPS, REOs, ABR

It is nice to have that here in Arizona

Nov 05, 2016 01:14 AM
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Tony and Suzanne Marriott, Associate Brokers
Haven Express @ Keller Williams Arizona Realty - Scottsdale, AZ
Serving Scottsdale, Phoenix and Maricopa County AZ

Paul S. Henderson, REALTOR®, Broker, Tacoma Washington nailed this one!

Nov 04, 2016 11:34 PM
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Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker

No experience with this! No clue!

Nov 04, 2016 11:25 PM
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Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
"Franklin MA Homes"

we've not dealt with that yet....

Nov 04, 2016 09:26 PM
Rainmaker
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Marc Swartz, CPA, CA, Real Estate Broker
Royal LePage Vision Realty, Brokerage, Direct: (416) 737-9800, Office: (416) 321-2228 - Toronto, ON
Toronto, Durham & York Regions, Ontario, Canada

It is my understanding that properties with solar must hook up to the electrical grid, sell it to the grid and buy back the electricity needed.

Nov 04, 2016 04:36 PM
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Praful Thakkar
Keller Williams Realty - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Maria Zipf - I do not think this will make much of a difference in price, at least in our ares.

Nov 04, 2016 04:23 PM