PV system affect on home re-sale [RE-wrenches]

[Nick Nicholas]

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Hi Todd, Mo, and wrenches:
    Todd, I am not very surprised that, because some customer's are
intimidated by the complexities of a battery based inverter back-up system.
It seems that for many residential, grid-tied solar customers, battery based
systems are too complicated; except for engineer types.  However, it is
worth letting those customers know that the equipment can be easily sold
used for thousands of dollars, so they might as well wait until they own it
to remove it.  On the other hand, I know many people who have paid extra for
solar systems.  People do value the low electrical bills , and they would be
crazy or ignorant not to (I heard that solar stuff leaks???)  I can't
imagine a seller who would hire a realtor who considers the system a
liability.
    Also, Mo, it seems that a 1:20 ratio is too high.  That means that it
would take 20 years to pay the system off, even before calculating servicing
and interest payments on the mortgage.  Using that formula, the new owner
would be paying as much or more as the system cost's new (before rebates or
tax credits.)  If the system had a large battery and back-up inverter, I
could imagine some individuals would pay a 1:20 ratio.  I use a 1:10 ratio
for battery-less systems, and that seems optimistic.
    This gets back to the old talk about what the payback on solar is, In
CA, high energy rates allow us to focus on payback as a viable reality.

Alternative Power Systems
www.alternativepowersystems.com
aps at sbcglobal.net
135 Colfax Ave.
Grass Valley, CA 95945
(530) 274-0588 phone
(530) 274-0589 fax
----- Original Message ----- 
From: "Todd Cory, Mt. Shasta Energy Services" <toddcory at finestplanet.com>
To: <RE-wrenches at topica.com>
Sent: Thursday, May 06, 2004 3:42 PM
Subject: Re: PV system affect on home re-sale [RE-wrenches]




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A home near me (N. CA) was recently put on the market with a legal SW4024
grid
tie system with 1 kW of PV. The real estate agent said it was a liability
and
people he showed it to were afraid and wanted it removed before they would
consider an offer on the property and home. It was removed and the home
recently
sold. This, mind you, is in an area where regular storm related winter power
outages can be expected. Somehow brown gasoline/propane generators are ok,
but
green PV backups are not???

(Big sigh!)

Todd




Mo Rousso wrote:

> John,
>
> I forget who provided me the link, but if you look through the archives of
> this list and the Marketing list, you should be able to find a reference.
> The link was to the National Association of Home Appraisers.  It basically
> said for every 1$ of annual energy savings, increase the value of the home
> by $15 to $25.  So, I have been using a 1:20 ratio as an average.  Thus,
if
> a person was saving $1000 per year on electricity, their home value should
> go up by $20,000.
>
> I recently put it to the test when I refinanced my home and was successful
> in increasing the appraised value accordingly.
>
> Mo
> --
> Mo Rousso
> President
> HelioPower, Inc
> 760.451.9374
> www.heliopower.com
>

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