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<DIV><FONT size=2 face=Arial>FHA and some other federally funded housing orgs
have hardening of the arteries. Although EnergyStar has some problems too, they
do have mortgages that recognize the value of energy efficiency. See <A
href="http://www.energystar.gov/index.cfm?c=mortgages.energy_efficient_mortgages">http://www.energystar.gov/index.cfm?c=mortgages.energy_efficient_mortgages</A></FONT></DIV>
<DIV><FONT size=2 face=Arial></FONT> </DIV>
<DIV><FONT size=2 face=Arial>If anyone doubts the immediate and future value of
PV on a home, they can talk to the homeowners and realtors in my
neighborhood who live with PV (as compared to PV wannabes with pv
envy).</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=ntrei@1scom.net href="mailto:ntrei@1scom.net">North Texas Renewable
Energy Inc</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> Wednesday, March 23, 2011 6:40
AM</DIV>
<DIV style="FONT: 10pt arial"><B>Subject:</B> [RE-wrenches] Value of PV system
to a home</DIV>
<DIV><BR></DIV>
<DIV><SPAN class=656312812-23032011><FONT face=Arial>While the Appraisal
Institute model is about the only widespread reference point available, it too
lacks strong credibility due to the perception that it's out dated information
and nothing else confirms its conclusion. Many in the anti-RE
realm point to the fact that F/F&FHA don't support the
premise that energy saving has real value and use F&F as a valid reason,
along with the "...no credible evidence" argument, not
to.</FONT></SPAN><SPAN class=656312812-23032011><FONT face=Arial>
</FONT></SPAN></DIV>
<DIV><SPAN class=656312812-23032011><FONT face=Arial>F&F are private
mortgage investment corporations that are supported with taxpayer money,
money that kept them from collapsing under the weight of their own bad
mortgage investments. Their dislike of any pro-renewable program [PACE
comes instantly to mind] is grounded in their perception that the low
risk design that makes PACE so desirable to cities and homeowners is a
financial risk to the private investors returns. </FONT></SPAN></DIV>
<DIV><SPAN class=656312812-23032011><FONT face=Arial>The logic is: homeowner
with PV defaults, taxing authority bonds are exempt from risk, investment
banks are left holding the bag, investors lose pennies. </FONT></SPAN></DIV>
<DIV><SPAN class=656312812-23032011><FONT face=Arial>Those investors lobbyists
pushed back up the chain of authority to, among other things, seriously
wound California's own voter approved and taxpayer friendly version of
PACE. As usual the taxpayers lost much of the the momentum that had brought
them so close to creating another national standard for renewable energy
financing without taxpayers having to foot the bill before the investment
cartel pulled the rug out from under us. </FONT></SPAN></DIV>
<DIV><SPAN class=656312812-23032011><FONT face=Arial>The FHA, being nothing
more than a hand-puppet for the mortgage industry, nodded in agreement
and brandished their rubber stamp of approval.</FONT></SPAN></DIV>
<DIV><SPAN class=656312812-23032011><FONT face=Arial>The factual and
irrefutable data proving beyond any doubt that homes & businesses with PV
are worth more should be an immediate goal for the RE industry. While
that proof, if it even exists, might not open the investment
floodgates, it would however open more doors for investors which
moves our industry a step closer to reaching critical
mass.</FONT></SPAN></DIV>
<DIV><SPAN class=656312812-23032011><FONT
face=Arial></FONT></SPAN> </DIV>
<DIV><SPAN class=656312812-23032011><FONT face=Arial>my 2¢</FONT></SPAN></DIV>
<DIV><SPAN class=656312812-23032011><FONT face=Arial>Jim
Duncan</FONT></SPAN></DIV>
<DIV><SPAN class=656312812-23032011></SPAN><FONT size=2 face=Tahoma><SPAN
class=656312812-23032011></SPAN><FONT face=Arial><FONT size=3>P<SPAN
class=656312812-23032011>V installer & financial
know-it-all </SPAN></FONT></FONT><BR></DIV></FONT>
<BLOCKQUOTE>
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<BLOCKQUOTE
style="BORDER-LEFT: rgb(16,16,255) 2px solid; PADDING-LEFT: 5px; MARGIN-LEFT: 5px">From:
Jamie Johnson <jjohnson@spefl.com><BR><BR>
<DIV id=yiv580696284><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)"><STRONG><SPAN
style="COLOR: rgb(0,0,255)"><IMG title="signature image" border=0
alt=""
src="cid:F1B6F46332D44F29883B1C6F2CE16A1C@JOEL"></SPAN></STRONG></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"
id=yiv580696284replyBlockquote>
<DIV id=yiv580696284wmQuoteWrapper>-------- Original Message
--------<BR>Subject: [RE-wrenches] Value of PV system to a
home<BR>From: Keith Cronin <<A
href="/mc/compose?to=electrichi01@yahoo.com" rel=nofollow
target=_blank
ymailto="mailto:electrichi01@yahoo.com">electrichi01@yahoo.com</A>><BR>Date:
Tue, March 22, 2011 2:57 am<BR>To: RE-Wrenches <<A
href="/mc/compose?to=re-wrenches@lists.re-wrenches.org"
rel=nofollow target=_blank
ymailto="mailto:re-wrenches@lists.re-wrenches.org">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></BLOCKQUOTE>
<P>
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