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<DIV><FONT size=2 face=Arial>Consider not moving or selling your PV powered
home. Making your PV powered home your retirement home is a better
investment than a savings CD and definitely a hedge against increased grid
electricity prices for retired people on a fixed income. Plant some roots
and lead your neighborhood by example.</FONT></DIV>
<DIV><FONT size=2 face=Arial></FONT> </DIV>
<DIV><FONT size=2 face=Arial>Joel Davidson</FONT></DIV>
<DIV><FONT size=2 face=Arial></FONT> </DIV>
<BLOCKQUOTE
style="BORDER-LEFT: #000000 2px solid; PADDING-LEFT: 5px; PADDING-RIGHT: 0px; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px">
<DIV style="FONT: 10pt arial">----- Original Message ----- </DIV>
<DIV
style="FONT: 10pt arial; BACKGROUND: #e4e4e4; font-color: black"><B>From:</B>
<A title=solarworks@gmail.com href="mailto:solarworks@gmail.com">Kirpal
Khalsa</A> </DIV>
<DIV style="FONT: 10pt arial"><B>To:</B> <A
title=re-wrenches@lists.re-wrenches.org
href="mailto:re-wrenches@lists.re-wrenches.org">RE-wrenches</A> </DIV>
<DIV style="FONT: 10pt arial"><B>Sent:</B> Tuesday, March 22, 2011 9:33
PM</DIV>
<DIV style="FONT: 10pt arial"><B>Subject:</B> Re: [RE-wrenches] Value of PV
system to a home</DIV>
<DIV><BR></DIV>What I have been putting forth to our customers and potential
customers, is that a PV system when looked at like an appliance is simply
equal to the value of the energy it produces over a given period....for
straight grid tied systems I have used what I think is a conservative number
of 20 years and then I multiply that by today's energy costs.......so if a
system is installed in Oregon and electricity is $.09/kWh and the system is
expected to produce 4500kWh per year then that system would add 4500kWh x $.09
x 20 years = $8100 in value to their property.....in Oregon......<BR>Certainly
you could add average utility price increases over time to the value of the
energy produced, as well as reductions in system output overtime as equipment
degrades.....additionally if a party is buying a house equipped with a PV
system they may not want to calculate a full 20 years into that formula if the
system was installed years earlier.......I prefer to use conservative numbers
in my formula inputs, however the argument could be made stating that the 20
year time span is too short and if the lifetime is potentially double that the
value of the system also doubles..... <BR>In my mind an off grid system can be
more directly tied to the cost of the equipment as the grid is not an
alternative to the power that is supplied.....<BR>Finally, we have never had a
customer disagree with this basic approach, however it still falls flat on its
face if the customer is not planning on moving or selling their
property!<BR><BR>-- <BR>Sunny Regards,<BR>Kirpal Khalsa<BR>NABCEP Certified
Solar PV Installer<BR>Renewable Energy Systems<BR><A
href="http://www.oregonsolarworks.com">www.oregonsolarworks.com</A><BR>541-218-0201
m<BR>541-592-3958 o<BR><BR>
<DIV class=gmail_quote>On Tue, Mar 22, 2011 at 7:44 PM, Exeltech <SPAN
dir=ltr><<A
href="mailto:exeltech@yahoo.com">exeltech@yahoo.com</A>></SPAN> wrote:<BR>
<BLOCKQUOTE
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class=gmail_quote>
<TABLE border=0 cellSpacing=0 cellPadding=0>
<TBODY>
<TR>
<TD vAlign=top><B><SPAN style="FONT-WEIGHT: normal">I spoke last
October with the Appraisal Journal, and specifically with Rick
Nevin,<BR>author of the referenced articles.<BR><BR></SPAN></B>Mr.
Nevin stated a recent review conducted by the Appraisal Journal
confirmed<BR>the information in the reports is as applicable today as
it was when the study<BR>was conducted, and even more so given the
increased cost of energy that's<BR>occurred since the study was
published.<BR><BR>Dan<BR><BR>--- On <B>Tue, 3/22/11, Jamie Johnson
<I><<A href="mailto:jjohnson@spefl.com"
target=_blank>jjohnson@spefl.com</A>></I></B> wrote:<BR>
<BLOCKQUOTE
style="BORDER-LEFT: rgb(16,16,255) 2px solid; PADDING-LEFT: 5px; MARGIN-LEFT: 5px"><BR>From:
Jamie Johnson <<A href="mailto:jjohnson@spefl.com"
target=_blank>jjohnson@spefl.com</A>><BR>Subject: Re:
[RE-wrenches] Value of PV system to a home<BR>To: "Keith Cronin"
<<A href="mailto:electrichi01@yahoo.com"
target=_blank>electrichi01@yahoo.com</A>>, "RE-wrenches" <<A
href="mailto:re-wrenches@lists.re-wrenches.org"
target=_blank>re-wrenches@lists.re-wrenches.org</A>>, "Joel
Davidson" <<A href="mailto:joel.davidson@sbcglobal.net"
target=_blank>joel.davidson@sbcglobal.net</A>><BR>Date: Tuesday,
March 22, 2011, 5:01 PM<BR><BR>
<DIV><SPAN
style="FONT-FAMILY: Verdana; COLOR: rgb(0,0,0); FONT-SIZE: 10pt">
<DIV>Keith & Joel,</DIV>
<DIV> </DIV>
<DIV>The old metric was $20 in value for each $1 saved in energy,
however the Appraisal Institute has not supported that
valuation metric for some time now and neither has Fannie, Freddie
or FHA.</DIV>
<DIV> </DIV>
<DIV>Using the gross sales price that the customer paid for PV as a
valuation number was also shot down.</DIV>
<DIV> </DIV>
<DIV>And unfortunately most regional MLS databases don't provide a
category for solar electric, solar hot water or solar pool heaters,
so that makes it difficult for an appraiser to use the sales
comparison approach.</DIV>
<DIV> </DIV>
<DIV>A year ago I began developing a valuation model for PV for the
Appraisal Institutes Educational Committee and they are
now incorporating parts of it into their training programs on
"valuation of sustainable buildings" for appraisers.
Earlier this year DOE awarded a grant to Sandia Natl Lab to
essentially do the same thing for the Solar America Cities
program (soon to be the Solar America Communities
program) and they have since picked up my work on the valuation
model.</DIV>
<DIV> </DIV>
<DIV>A proof of concept spreadsheet (which takes all of the fun out
of it) and pdf explanation of the
valuation model should be released this
summer. I will provide the download link to the list when
it is available. </DIV>
<DIV> </DIV>
<DIV>It's important to note that any valuation model for
PV needs to be accepted by Fannie, Freddie and FHA before
it is relied on and quoted by the PV industry. There are
currently ongoing discussions between FF&F, AI and DOE on
PV valuations and hopefully they will resolve the PV valuation
issues for loan transactions soon. </DIV>
<DIV> </DIV>
<DIV>Jamie Johnson</DIV>
<DIV>NABCEP Certified PV Technical Sales Professional
PVTS012911-44</DIV>
<DIV>NABCEP Certified Solar PV Installer 031310-118</DIV>
<DIV> </DIV>
<DIV>General Manager</DIV>
<DIV>SOLAR POWER ELECTRIC<BR></DIV>
<DIV><BR></DIV>
<DIV><SPAN style="FONT-SIZE: 8pt"><SPAN
style="COLOR: rgb(51,102,255)"><B><SPAN
style="COLOR: rgb(0,0,255)"><IMG title="signature image" border=0
alt="" src=""></SPAN></B></SPAN></SPAN></DIV>
<DIV> </DIV>
<DIV> </DIV>
<BLOCKQUOTE
style="BORDER-LEFT: blue 2px solid; PADDING-LEFT: 8px; FONT-FAMILY: verdana; COLOR: black; MARGIN-LEFT: 8px; FONT-SIZE: 10pt">
<DIV>-------- Original Message --------<BR>Subject: [RE-wrenches]
Value of PV system to a home<BR>From: Keith Cronin <<A
href="http://mc/compose?to=electrichi01@yahoo.com" rel=nofollow
target=_blank>electrichi01@yahoo.com</A>><BR>Date: Tue, March
22, 2011 2:57 am<BR>To: RE-Wrenches <<A
href="http://mc/compose?to=re-wrenches@lists.re-wrenches.org"
rel=nofollow
target=_blank>re-wrenches@lists.re-wrenches.org</A>><BR><BR>
<DIV
style="BACKGROUND-COLOR: rgb(255,255,255); FONT-FAMILY: arial,helvetica,sans-serif; COLOR: rgb(0,0,0); FONT-SIZE: 10pt">
<DIV>Hi</DIV>
<DIV><BR></DIV>
<DIV
style="BACKGROUND-COLOR: transparent; FONT-STYLE: normal; FONT-FAMILY: arial,helvetica,sans-serif; COLOR: rgb(0,0,0); FONT-SIZE: 13px">Was
wondering if anyone has any new data points on the additional
value a PV system adds to the home?</DIV>
<DIV><BR></DIV>
<DIV
style="BACKGROUND-COLOR: transparent; FONT-STYLE: normal; FONT-FAMILY: arial,helvetica,sans-serif; COLOR: rgb(0,0,0); FONT-SIZE: 13px">If
someone spends $X for a system and saves $Y a month/year, how is
this being calculated?</DIV>
<DIV><BR></DIV>
<DIV
style="BACKGROUND-COLOR: transparent; FONT-STYLE: normal; FONT-FAMILY: arial,helvetica,sans-serif; COLOR: rgb(0,0,0); FONT-SIZE: 13px">Do
we have actuaries with enough empirical data to suggest what the
numbers would look like?</DIV>
<DIV><BR></DIV>
<DIV
style="BACKGROUND-COLOR: transparent; FONT-STYLE: normal; FONT-FAMILY: arial,helvetica,sans-serif; COLOR: rgb(0,0,0); FONT-SIZE: 13px">Realizing
alot has to do with location, current cost per kWh of electricity
etc.</DIV>
<DIV><BR></DIV>
<DIV
style="BACKGROUND-COLOR: transparent; FONT-STYLE: normal; FONT-FAMILY: arial,helvetica,sans-serif; COLOR: rgb(0,0,0); FONT-SIZE: 13px">Could
have swore there were some studies done to imput the value of two
homes on the same street, one with solar and one without- for some
granular details on the delta in values.</DIV>
<DIV><BR></DIV>
<DIV
style="BACKGROUND-COLOR: transparent; FONT-STYLE: normal; FONT-FAMILY: arial,helvetica,sans-serif; COLOR: rgb(0,0,0); FONT-SIZE: 13px">Thanks</DIV>
<DIV><BR></DIV>
<DIV>Keith<BR></DIV></DIV></DIV></BLOCKQUOTE></SPAN></DIV><BR></BLOCKQUOTE></TD></TR></TBODY></TABLE><BR><BR>_______________________________________________<BR>List
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