Energy and Climate
PV Value™: Photovoltaic Energy Valuation Model

This spreadsheet tool developed by Sandia National Laboratories and Energy Sense Finance is intended to help determine the value of a new or existing photovoltaic (PV) system installed on residential and commercial properties. It is designed to be used by real estate appraisers, mortgage underwriters, credit analysts, real property assessors, insurance claims adjusters and PV industry sales staff. For appraisers, the inputs specific to PV in the Residential Green and Energy Efficient Addendum can be used as inputs to PV Value®.

Valuing a PV system is done using an income capitalization approach, which considers the present value of projected future energy production along with estimated operating and maintenance costs that are anticipated to occur during the PV module power production warranty timeframe.

Version 1.1 is now available and can be used on both Microsoft Windows and OS X operating systems. It works with both Excel® 2007, 2010 and 2103 for Windows, and Excel® 2011 for Mac.  After filling out the form below, you can download the tool and user manual describing how to use the tool and changes made for this version. This information will be used to notify you of updates to PV Value®.

  • Sandia Labs hosted a webinar describing PV Value® on December 7, 2011, which can be viewed below.
  • The Interstate Renewable Energy Council hosted a webinar about PV Value® on April 18, 2012, which can be viewed here.
  • A presentation on Standardizing Appraisals for PV Installations was made at the Photovoltaic Specialists Conference in Tampa, FL on June 21, 2013.
  • A paper on Valuing Solar PV Systems was published in the Fall 2013 issue of the Appraisal Journal.
  • A paper on how different ownership options may impact the value of a PV system was published in January 2014.

This is the last spreadsheet supported version of PV Value®.  PV Value® web will be available in the 1st Quarter of 2014 at  More details will be available on this page after the web version is released.

PV Value® is a trademarked name by Jamie Johnson with Energy Sense Finance.

PV Value® Tool Download

Please complete the form below to download the PV Value® tool.

PV Value® Webinar


Click here to download the video.


For any questions or to request more information, send an e-mail to:

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