Northeast Sustainable Energy Association (NESEA) asked if I would submit an article on the process of high-performance home valuation for the Fall Edition of BuildingEnergy Magazine. The three documents mentioned in the article should be used in the valuation process of any HPH, spec, custom built or resale.
"Comparative marketing analysis can be very difficult because there may not be homes in the neighborhood with solar PV and if they do, the posting agent that entered info into the Multiple Listing Service almost certainly didn’t list the critical information we need to value it on a home," Foley observes.
"Craig Foley, GREEN, a sustainability expert with RE/MAX Leading Edge in Somerville, Mass., said introducing the topic of energy efficiency to clients can affect transactions in both positive and negative ways, depending on your preparedness to explain the subject wisely. To mitigate problems, practitioners should get specific training on how to sell energy-efficient homes, he advised."
Panel I participated in on solar PV valuation featured on NAR website: "REALTORS® need to educate themselves and get proficient on this topic if you are going represent home buyers and sellers in the solar powered niche" #realestate #solarrealestate
Honored to be working on two projects in this DOE link, working with Elevate Energy to write the curriculum for national CEU class for real estate agents on solar PV as well as the LBNL project to auto-populate the multiple listing service with solar PV
"Will green energy investments help to increase the value of my property when it is sold? The answer is a qualified, yes. Let me explain"
"development of online training programs that will teach real estate professionals, appraisers, and appraiser regulators how to value residential solar PV systems. Delivering on fair resale value for these arrays will help promote further homeowner investments in solar"
"We are in the midst of a paradigm shift with respect to both how energy is produced, and also how it is consumed. Massachusetts homeowners are participating in both. The explosive growth of solar photovoltaics (PV) supported by innovative programs like Solarize MA allows homeowners to generate clean power on their side of the utility meter. At the same time, Massachusetts’ homeowners, through programs like MassSave, can reap the benefits of aggressive incentives for reducing energy consumption."
Full article available upon request