Shopping Cart    
Search
AIM HIGHER
   
Residential & Commercial Valuation of Solar Education Schedule (PDF)

Education Catalog (PDF)
Some AI educational programs may not be approved in every state.
Students should check state approvals prior to registering for any Appraisal Institute program.

ClassroomOn-Demand Online EducationLive Online (Synchronous)

Solar photovoltaic system installations are continuing to increase as the price becomes more feasible in the many markets. Appraisers will find the valuation a challenge without knowledge of the technology and data available to use the methodology most appropriate. Appraisers must expand their knowledge base to understand how electricity is priced, how solar PV is priced, and how solar PV functions to develop a credible value. If you are seeking education that will hone your skills or teach you new ones, this is the course for you.

Residential and commercial appraisers will work together to apply an income capitalization approach and cost approach to valuing energy produced for solar PV systems. You need a laptop or iPad with Internet access, and you’ll be able to use free software to value the energy that solar systems produce. Please note. This course does not address utility-scale solar (solar farms), solar thermal, or other on-site renewable energy generation.

Syllabus

Module 1: Introduction
Module 2: Speaking the Solar Language 
Module 3: Documentation of Size, Estimated Production, and Lease vs. Ownership
Module 4: Net Zero energy, Passive Solar, Identifying Solar Types and Problems, and Identifying Resources to Develop Derate Factors
Module 5: Published Studies on Value Contribution of Solar PV and Case Studies using the Cost and Income Capitalization Approaches  
Module 6: Case Studies: Multifamily Property and Commercial Solar PV Rooftop Lease

Upon completion of the course, participants should be able to:

  • Comprehend and identify the solar PV language.
  • Identify and understand the documents and data necessary to value solar PV systems.
  • Describe, understand, and analyze solar PV components and their relevance to market valuation.
  • Develop a credible value opinion using the tools, worksheets, and resources provided.
  • Recognize potential valuation problems, including appraisal standards and lender-underwriter concerns.

Please note that participants must complete 4 mandatory assignments in the program. CREDIT WILL NOT BE GIVEN until the assignments are satisfactorily completed. The instructor may ask for a re-submission of an incomplete assignment. Please allow up to 5 days for the instructor to review an assignment. You may request expedited review by contacting the instructor.

Exam: This 14-hour course contains an optional offline exam for 1 additional hour of credit. Participants taking the class for the Professional Development Program (see below) are required to complete the exam. You will have 90 days from the time that you complete the course to take the proctored exam. Testing center locations in your area can be found by clicking on this link: www.pearsonvue.com/ai.

AI CE Credit for Designated members and Practicing Affiliates:
  • Attend Only = 150 points
  • Attend and Pass Exam = 200 points

Appraisal Institute Professional Development Program:
This course is in the Valuation of Sustainable Buildings Professional Development Program. For a list of FAQs, which includes information regarding the other courses you'll need to successfully complete the program, click here.

USGBC
This course is approved for 15 GBCI CE Hours by the USGBC.

Category
Other [Oth]

Prerequisites

Recommended:

Required: 

  • Designated members who are on or interested in being on the Registry for the Valuation of Sustainable Buildings Professional Development Program must take this course.

Audience
Appraisers, assessors, underwriters, lenders, builders, real estate agents, quality control personnel, architects, engineers, and solar installers

Required Technology

Required Calculator Information and Resources:

Required Software:

  • PV Value®(computer) or Ei Value®(iPad)
    • During this program, we will use the income capitalization approach through a DCF of the energy produced by the solar PV system. The software is free, has been vetted by appraisers, and is easy to use.
    • Computer: Register for PV Value at https://www.pvvalue.com. Register as an appraiser. When working the case studies, say you are a licensed appraiser in the state of the case study to produce the final pdf of the worksheet.
    • iPad: Register for Ei Value at https://www.eivalue.com.  Then download the iPad app from the iTunes Store. You will use this software to work on the case studies in this program.
    • Note: The software above is not the only tool available to develop a DCF. Appraisers with good Excel skills may have their own DCF that meets their needs.
    • Though dated, the original PV Value® user manual provides excellent information on the authors, the model, and source of information.
  • Roof Azimuth Tool - http://tools.solmetric.com/Tools/roofazimuthtool
    • This online tool from Solmetric can help establish an estimate of the azimuth when one is not available on site. 

Examination Information and Resources:

  • Candidates taking most AI exams may bring their own calculator to use during the exam. IMPORTANT! You will be asked to clear the calculator's memory before and after the examination. Only one calculator is permitted in the testing room.
  • Laptops, cellular phones, tablets, iPads, wearable technology (smart watch, Apple Watch, Google Glass, etc.), and other devices that can store data or connect to the Internet are NOT permitted during the exam. In addition, all watches, wallets, bags, and purses must be removed and stored out of reach prior to taking the exam.
  • Additional Examination Information: Examination Frequently Asked Questions and Support

Recommended Text
• Residential Green Valuation Tools. Sandra K. Adomatis, SRA, LEED®Green Associate. Appraisal Institute, 2014.
• The Valuation of Green Commercial Real Estate. Timothy P. Runde, MAI, LEED AP, and Stacey L. Thoyre, WELL AP. Appraisal

Tuition
AI Price: $ 350.00
Full Price: $ 450.00

Click Here for State Approvals

Instructor
Sandra K. Adomatis, SRA


Disclaimer
I agree to the terms and policies set forth under the Appraisal Institute Online Education Policy. I also certify that I am the person identified above under Personal Data and that I will personally complete each assigned module of instruction and any examination(s). I understand and agree that if I misrepresent my identity or arrange for someone else to represent himself or herself as me at any time during the Appraisal Institute online course or seminar, I will be immediately removed from the course or seminar and I will not be entitled to any refund. I further understand that if I am a member of the Appraisal Institute and participated in any misrepresentation of identity, by affirmative act or failure to act, that I will be the subject of a peer review proceeding under Regulation No. 6 for violation of the Appraisal Institute's Code of Professional Ethics and Standard of Professional Appraisal Practice, and that such peer review proceeding may result in termination of my Appraisal Institute membership.

Additional Information
Please allow 1 hour after registration to start an online session in progress (on or after the session start date). Go to www.appraisalinstitute.org and log in with the username and password you used when you registered. You will automatically be taken to the "My Appraisal Institute" page. Near the middle of that page your course will be listed with a link next to it that says "Go To Class".

  
Online Class Schedule

Online Ed FAQ's and Contact

How Online Education Works

Online State Approvals







Pop up content here.

Agree Disagree