Sandia researcher Geoff Klise worked with Solar Power Electric to develop a tool that can be used to appraise photovoltaic installations on homes and businesses. (Photo by Randy Montoya)
Geoff Klise (in Sandia’s Earth Systems Analysis Dept.) attended the 2014 Green Mortgage Appraisal Roundtable, hosted by the Federal Housing Administration–Single Family Housing Office of Economic Resilience and the Executive Office of the President on March 11, 2014.
The PV Value® tool, co-developed by Sandia and Energy Sense Finance, was presented as a successful application that appraisers are using to understand the value of/ properly assign value to residential and commercial PV systems. Since its release in January 2012, the tool has been downloaded nearly 4000 times.
The capabilities in PV Value® could also be used to value energy-efficient improvements and was a topic of discussion on how to leverage existing tools to recognize the value associated with these high-performance properties.