Ncappraisalinstitute
Professional Development Program
Ncappraisalinstitute, Chicago, Illinois, United States, 60290
Residential and Commercial Valuation of Solar
The number of solar photovoltaic (PV) system installations continues to increase as the price becomes more feasible in many markets. Appraisers will find the valuation a challenge without knowledge of the technology and data available to use the most appropriate methodology. Appraisers must expand their knowledge base to understand how electricity and solar PV is priced, and to understand how solar PV systems function 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. All you need is a tablet or iPad, with Internet access, and you will use free online software to value the energy that solar systems produce.
This is an advanced course that requires the use of a discounted cash flow analysis. Because of its difficulty, double AI CE points are awarded.
Important Course Requirements:
This course uses free, third-party software known as PV Value or Ei Value to complete the case studies. The software has been vetted by the Appraisal Institute, but course participants should have knowledge of the discounted cash flow analysis. The case studies emulate appraisal problems that appraisers face every day. For educational purposes only, the case study provides a discount rate to use in this course. Appraisers must analyze and conclude the appropriate discount rate for their market, which will change based on the local market’s view of solar and changes in kWh prices, solar production, and cost new.
Please note.
This course does not address utility-scale solar (solar farms), solar thermal, or other on-site renewable energy generation.Note.
This course is in the Valuation of Sustainable Buildings Professional Development Program. View this list of FAQs, which includes information regarding the courses you’ll need to complete the program successfully.Who Should Enroll
Real property appraisersAssessorsBuildersQuality control personnelArchitectsAI CE Points
Attend: 150 ptsAttend & Pass Exam: 200 ptsCourse Objectives
Identify and use the documents and data necessary to value solar PV systems.Describe and analyze solar PV components and identify their relevance to market valuation.Develop a credible value opinion using tools, worksheets, and resources provided in the course.Recognize potential valuation problems, including USPAP and lender/underwriter concerns.For Classroom:
After you register for this class, please go to your Education and Events page for details on what you must complete
BEFORE
class begins. To access your Education and Events page, log on to the Appraisal Institute website at
https://ai.appraisalinstitute.org/eweb
(click on the three horizontal lines to the left of the AI logo and select “My AI Account” from the drop-down menu).Equipment:
A financial calculator is required.
The accepted model used in the program is the HP-12C. AI education programs that require a financial calculator are developed with HP-12C keystrokes; using this model is highly recommended.You must be familiar with calculator operation when the program begins. Do not enroll expecting to be taught how to use a financial calculator.This course uses free, third-party software known as PV Value or Ei Value.
PV Value requires registration to use the program. Be aware it can take up to 24 hours after registering to receive an email with the login information. Once you sign on to this site, directions are provided for downloading the PV Value tool.Alternative to using third-party software in the course:
Proficient users of Excel may design a discounted cash flow analysis to work each assignment as an alternative to using PV Value. The Appraisal Institute does
NOT
provide an Excel discounted cash flow analysis.This course is approved for 15 GBCI CE Hours by the USGBC.
#J-18808-Ljbffr
The number of solar photovoltaic (PV) system installations continues to increase as the price becomes more feasible in many markets. Appraisers will find the valuation a challenge without knowledge of the technology and data available to use the most appropriate methodology. Appraisers must expand their knowledge base to understand how electricity and solar PV is priced, and to understand how solar PV systems function 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. All you need is a tablet or iPad, with Internet access, and you will use free online software to value the energy that solar systems produce.
This is an advanced course that requires the use of a discounted cash flow analysis. Because of its difficulty, double AI CE points are awarded.
Important Course Requirements:
This course uses free, third-party software known as PV Value or Ei Value to complete the case studies. The software has been vetted by the Appraisal Institute, but course participants should have knowledge of the discounted cash flow analysis. The case studies emulate appraisal problems that appraisers face every day. For educational purposes only, the case study provides a discount rate to use in this course. Appraisers must analyze and conclude the appropriate discount rate for their market, which will change based on the local market’s view of solar and changes in kWh prices, solar production, and cost new.
Please note.
This course does not address utility-scale solar (solar farms), solar thermal, or other on-site renewable energy generation.Note.
This course is in the Valuation of Sustainable Buildings Professional Development Program. View this list of FAQs, which includes information regarding the courses you’ll need to complete the program successfully.Who Should Enroll
Real property appraisersAssessorsBuildersQuality control personnelArchitectsAI CE Points
Attend: 150 ptsAttend & Pass Exam: 200 ptsCourse Objectives
Identify and use the documents and data necessary to value solar PV systems.Describe and analyze solar PV components and identify their relevance to market valuation.Develop a credible value opinion using tools, worksheets, and resources provided in the course.Recognize potential valuation problems, including USPAP and lender/underwriter concerns.For Classroom:
After you register for this class, please go to your Education and Events page for details on what you must complete
BEFORE
class begins. To access your Education and Events page, log on to the Appraisal Institute website at
https://ai.appraisalinstitute.org/eweb
(click on the three horizontal lines to the left of the AI logo and select “My AI Account” from the drop-down menu).Equipment:
A financial calculator is required.
The accepted model used in the program is the HP-12C. AI education programs that require a financial calculator are developed with HP-12C keystrokes; using this model is highly recommended.You must be familiar with calculator operation when the program begins. Do not enroll expecting to be taught how to use a financial calculator.This course uses free, third-party software known as PV Value or Ei Value.
PV Value requires registration to use the program. Be aware it can take up to 24 hours after registering to receive an email with the login information. Once you sign on to this site, directions are provided for downloading the PV Value tool.Alternative to using third-party software in the course:
Proficient users of Excel may design a discounted cash flow analysis to work each assignment as an alternative to using PV Value. The Appraisal Institute does
NOT
provide an Excel discounted cash flow analysis.This course is approved for 15 GBCI CE Hours by the USGBC.
#J-18808-Ljbffr