- Date
- June 4-7, 2024
- Sponsor
- Appraisal Institute
- Location
- Appraisal Institute - Synchronous (Live Online)
- Instructor
- Timothy P. Runde, MAI
- Class Time
- 14 hours
- Exam Time
- 1 Hour
- Full Price
- $450.00
- AI Price
- $370.00
Enroll by June 7!
View Pricing Options
Course Description
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.
Read More
Who Should Enroll
- Real property appraisers
- Assessors
- Underwriters
- Lenders
- Builders
- Real estate agents
- Quality control personnel
- Architects
- Engineers
- Solar installers
AI CE Points
Attend:
150
Attend & Pass Exam:
200
State Approvals
| State | QE/CE | Course & Exam | Course Only | Exam Only | Delivery Format | Approval Format | Start Date | Expire Date | State Code |
|---|---|---|---|---|---|---|---|---|---|
| AL | CE | 15 | 14 | 1 | Synchronous | Livestream | 03/18/2021 | 09/30/2024 | C02636 |
| AR | CE | 15 | 14 | 1 | Synchronous | Livestream | 10/19/2020 | 09/07/2025 | |
| AZ | CE | 15 | 14 | 1 | Synchronous | Livestream | 11/02/2023 | 1123-0000036 | |
| CA | CE | 14 | 14 | Synchronous | Livestream | 01/01/2022 | 10/19/2024 | 16CP754601231 | |
| CO | CE | 15 | 14 | 1 | Synchronous | Livestream | 09/22/2022 | 07/26/2025 | |
| CO | CE | 14 | 14 | Synchronous | Livestream | 09/22/2022 | 07/26/2025 | ||
| CT | CE | 14 | 14 | Synchronous | Livestream | 03/10/2022 | 03/10/2025 | AAL.000914 | |
| DC | CE | 15 | 14 | 1 | Synchronous | Livestream | 02/29/2024 | 02/28/2026 | 4057 |
| DE | CE | 15 | 14 | 1 | Synchronous | Livestream | 11/01/2023 | 10/31/2025 | |
| FL | CE | 15 | 14 | 1 | Synchronous | Livestream | 01/01/2023 | 11/21/2024 | 0010476 |
| GA | CE | 15 | 14 | 1 | Synchronous | Livestream | 09/28/2023 | 09/27/2026 | 67274 |
| HI | CE | 15 | 14 | 1 | Synchronous | Livestream | 01/01/2024 | 12/31/2024 | 23-477 |
| IA | CE | 15 | 14 | 1 | Synchronous | Livestream | 11/25/2022 | 11/24/2024 | A518-1127 |
| ID | CE | 15 | 14 | 1 | Synchronous | Livestream | 07/26/2022 | 07/26/2025 | |
| IL | CE | 14 | 14 | Synchronous | Livestream | 01/01/2023 | 12/31/2024 | 575.010085 | |
| IN | CE | 15 | 14 | 1 | Synchronous | Livestream | 07/05/2023 | ||
| IN | CE | 15 | 14 | 1 | Synchronous | Livestream | 09/01/2023 | 12/31/2024 | |
| KS | CE | 15 | 14 | 1 | Synchronous | Livestream | 01/01/2024 | 12/31/2024 | 483.C24.R |
| KY | CE | 15 | 14 | 1 | Synchronous | Livestream | 07/01/2023 | 06/30/2024 | |
| LA | CE | 15 | 14 | 1 | Synchronous | Livestream | 01/01/2020 | 09/27/2026 | |
| MA | CE | 14 | 14 | Synchronous | Livestream | 10/21/2022 | 10/20/2024 | 85 | |
| MD | CE | 15 | 14 | 1 | Synchronous | Livestream | |||
| MD | CE | 15 | 14 | 1 | Synchronous | Livestream | 08/14/2023 | 08/14/2026 | |
| MI | CE | 14 | 14 | Synchronous | Livestream | 07/26/2023 | 07/26/2026 | 20 - 1092126 | |
| MN | CE | 14 | 14 | Synchronous | Livestream | 11/01/2022 | 10/31/2024 | 1021779 | |
| MN | CE | 15 | 14 | 1 | Synchronous | Livestream | 11/01/2022 | 10/31/2024 | 1021780 |
| MO | CE | 14 | 14 | Synchronous | Livestream | 05/18/2022 | 06/30/2024 | ||
| MO | CE | 14 | 14 | Synchronous | Livestream | 07/01/2024 | 06/30/2026 | ||
| MS | CE | 15 | 14 | 1 | Synchronous | Livestream | 10/23/2022 | 08/25/2024 | MAB #49905 |
| MT | CE | 15 | 14 | 1 | Synchronous | Livestream | 01/01/2023 | 05/23/2025 | REA-CEC-REC-15401 |
| NC | CE | 14 | 14 | Synchronous | Livestream | 01/01/2024 | 12/31/2024 | 4095 | |
| ND | CE | 15 | 14 | 1 | Synchronous | Livestream | 03/08/2022 | 03/08/2026 | CE-222028 |
| NH | CE | 15 | 14 | 1 | Synchronous | Livestream | 09/28/2023 | 09/05/2026 | |
| NJ | CE | 15 | 14 | 1 | Synchronous | Livestream | 01/01/2022 | 2016-3160 | |
| NM | CE | 15 | 14 | 1 | Synchronous | Livestream | 07/19/2023 | 05/26/2026 | 4270 |
| NV | CE | 15 | 14 | 1 | Synchronous | Livestream | 06/01/2020 | 08/30/2024 | CE.0009777-A |
| NY | CE | 14 | 14 | Synchronous | Livestream | 01/01/2024 | 12/31/2024 | A4552-14 | |
| OH | CE | 15 | 14 | 1 | Synchronous | Livestream | 01/01/2024 | 12/31/2024 | 084401504A 22 |
| OK | CE | 15 | 14 | 1 | Synchronous | Livestream | 11/07/2023 | 09/29/2026 | 834 |
| OK | CE | 14 | 14 | Synchronous | Livestream | 11/07/2023 | 09/29/2026 | 838 | |
| OR | CE | 15 | 14 | 1 | Synchronous | Livestream | 06/01/2022 | 06/01/2025 | APIN-C-0622-8931 |
| PA | CE | 15 | 14 | 1 | Synchronous | Livestream | 07/01/2022 | 07/01/2025 | |
| PR | CE | 15 | 14 | 1 | Synchronous | Livestream | 10/04/2023 | 12/31/2024 | 2023-0928-1225 |
| RI | CE | 15 | 14 | 1 | Synchronous | Livestream | 09/28/2023 | 09/06/2024 | REA.0002064-CE |
| SC | CE | 14 | 14 | Synchronous | Livestream | 09/01/2022 | 08/31/2024 | CE1505 | |
| SD | CE | 14 | 14 | Synchronous | Livestream | 08/03/2022 | 08/03/2025 | SD 1173 CE | |
| TN | CE | 14 | 14 | Synchronous | Livestream | 12/01/2022 | 11/30/2024 | 01962 | |
| TX | CE | 15 | 14 | 1 | Synchronous | Livestream | 11/01/2023 | 09/27/2025 | TX Provider #:10 Course #: 37934 |
| UT | CE | 15 | 14 | 1 | Synchronous | Livestream | 02/01/2021 | 08/31/2025 | AC230821 |
| VA | CE | 15 | 14 | 1 | Synchronous | Livestream | 08/08/2023 | 08/31/2025 | |
| VT | CE | 14 | 14 | Synchronous | Livestream | 01/01/2022 | 03/09/2025 | ||
| VT | CE | 15 | 14 | 1 | Synchronous | Livestream | 01/01/2022 | 03/09/2025 | |
| WA | CE | 15 | 14 | 1 | Synchronous | Livestream | 09/29/2022 | 07/21/2025 | A3730 |
| WI | CE | 15 | 14 | 1 | Synchronous | Livestream | |||
| WV | CE | 15 | 14 | 1 | Synchronous | Livestream | 02/18/2022 | 03/22/2026 | |
| WV | CE | 14 | 14 | Synchronous | Livestream | 02/18/2022 | 03/22/2026 | ||
| WY | CE | 14 | 14 | Synchronous | Livestream | 09/28/2023 | 09/27/2026 | 1912 |
Course Objectives
- Recognize key solar PV terms.
- 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.
Course Details
Program Overview:
Table of Contents and Overview
Course Schedule
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.
Free Review: Using a Financial Calculator: Formulas, Symbols, Math Review, and Sample Problems; and Financial Calculator Practice Exercises.
For additional help with the HP-12C calculator, take our online seminar Using Your HP-12C Financial Calculator.
HP-12C calculator User’s Manual.
- 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 a 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.
To learn more about PV Value, visit https://energysensefinance.com/
Additional Information:
Course Materials Include:
- Course Handbook (362 pp.)
- Pre-Class Memo (1 p.)
- Pre-Class Downloads (2 KB)
If you choose to download course materials, it is best to bring a printed hard copy to class since it is difficult to change computer screens to find the data needed for using the software in solving the case studies.
This course is approved for 15 GBCI CE Hours by the USGBC.
This course is approved for 15 GBCI CE Hours by the USGBC. You will be asked to clear the calculator’s memory before and after the examination. Only one calculator is permitted in the testing room. Examinees taking most AI exams may bring their own calculator to use during the exam. 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.
Requirements:
Software
PV Value®—Ei Value®
https://www.eivalue.com/
- 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.
- Note. The software is not the only tool available to develop a DCF. Appraisers with good Excel skills may have their own DCF that meets their needs.
- Register for a free Ei Value® account to download the iPad app from the iTunes Store for tablet use. You will use this software to work on the case studies in this program.
- Though dated, the original PV Value® user manual provides excellent information on the authors, the model, and the source of information.
Roof Azimuth Tool—
- This online tool from Solmetric can help establish an estimate of the azimuth when one is not available on site. Ei Value will allow you to estimate the azimuth also. PV Value does not have this capacity.
Prerequisites
- An Introduction to Valuing Commercial Green Buildings seminar OR
- Valuation of Green Residential Properties seminar
Course Materials & Recommended Books
Pricing Options
| Rate | Full Price | AI Price |
|---|---|---|
| Standard
Today thru 06/07/2024 |
$450.00 | $370.00 |
Have Exam Questions?
Additional Course Offerings
| Sponsor | Date | Location | Format | ||
|---|---|---|---|---|---|
| Appraisal Institute | On Demand | Online | View Details | Register | |
| Chicago Chapter | October 16-17, 2024 | Chicago, IL | Classroom | View Details | Register |
Event Information
Location:
This course will be held via live interactive classroom technology. See below for important participation requirements.
State Credit:
A course may NOT be approved in every state for every delivery format. For example, some states do NOT allow any virtual education. When registering for any Appraisal Institute course, all participants will be required to check state approvals based on delivery format. For more information, see our state approvals page.
Class Schedule:
Class begins each day at 10:00AM Central time (8:00AM Pacific, 9:00AM Mountain, 11:00AM Eastern). Each class runs for three hours and thirty minutes (3.50) hours each day with at least two breaks during that time. The course runs for four (4) half-days. Times shown are U.S. Central (Chicago) time.
Day 1: Tuesday, June 4, 10:00 am - 1:30 pm
Day 2: Wednesday, June 5, 10:00 am - 1:30 pm
Day 3: Thursday, June 6, 10:00 am - 1:30 pm
Day 4: Friday, June 7, 10:00 am - 1:30 pm
Connection Information:
Several minutes after you receive your Appraisal Institute receipt email, you will receive a second email from GoToTraining which will include instructions on connecting to the live session and a link to a small download of the GoToTraining software. The software runs on almost all operating systems and popular browsers. Connection email reminders are re-sent 1 week, 1 day, and 1 hour prior to the live session start time. If you do not receive the connection information, please check your junk, spam, or quarantine folders. For questions, please email sync@appraisalinstitute.org or call (312) 335-4473.
Download Course Materials:
Log onto your AI Account at www.appraisalinstitute.org with the username and password you used when you registered. Click on “Education and Events” located on the right navigation menu. On the My Events page, find the course under the “Classroom Offerings/Synchronous Offerings/Conferences” heading and click the "View" button. Scroll down to the “Download Course Materials” section and click on each link to download the course materials.
Cancellation Policy:
Up To 15 days prior to program start date, refund in full.
7 - 14 days prior to program start date, $100.00 cancellation fee.
Less than 7 days prior to program start date, forfeit of payment.
This course will be held via live interactive classroom technology. See below for important participation requirements.
State Credit:
A course may NOT be approved in every state for every delivery format. For example, some states do NOT allow any virtual education. When registering for any Appraisal Institute course, all participants will be required to check state approvals based on delivery format. For more information, see our state approvals page.
Class Schedule:
Class begins each day at 10:00AM Central time (8:00AM Pacific, 9:00AM Mountain, 11:00AM Eastern). Each class runs for three hours and thirty minutes (3.50) hours each day with at least two breaks during that time. The course runs for four (4) half-days. Times shown are U.S. Central (Chicago) time.
Day 1: Tuesday, June 4, 10:00 am - 1:30 pm
Day 2: Wednesday, June 5, 10:00 am - 1:30 pm
Day 3: Thursday, June 6, 10:00 am - 1:30 pm
Day 4: Friday, June 7, 10:00 am - 1:30 pm
AI National Synchronous
Participation Requirements:
• All students are required to have a computer, webcam, and microphone
capability to participate and receive continuing or qualifying education credit
where approved. It is the student’s responsibility to have the required
equipment to participate and receive credit. Visit the System
Requirements for Attendees and Share
Webcam pages for help.
• All students are required to keep their webcam on at all times while class is in session. Attendance will be monitored throughout the day through webcams and polling. A photo ID must be presented during roll call at the beginning of class on the first day.
• The instructor must be able to interact with all students. Instructors and administrators will direct questions to each student in the morning and afternoon to which students must respond. Students must be in a location that allows for their full attention and interaction at all times.
For questions regarding these classroom participation requirements, contact the Appraisal Institute at sync@appraisalinstitute.org or call (312) 335-4473.
Connection Information:
Several minutes after you receive your Appraisal Institute receipt email, you will receive a second email from GoToTraining which will include instructions on connecting to the live session and a link to a small download of the GoToTraining software. The software runs on almost all operating systems and popular browsers. Connection email reminders are re-sent 1 week, 1 day, and 1 hour prior to the live session start time. If you do not receive the connection information, please check your junk, spam, or quarantine folders. For questions, please email sync@appraisalinstitute.org or call (312) 335-4473.
Download Course Materials:
Log onto your AI Account at www.appraisalinstitute.org with the username and password you used when you registered. Click on “Education and Events” located on the right navigation menu. On the My Events page, find the course under the “Classroom Offerings/Synchronous Offerings/Conferences” heading and click the "View" button. Scroll down to the “Download Course Materials” section and click on each link to download the course materials.
Cancellation Policy:
Up To 15 days prior to program start date, refund in full.
7 - 14 days prior to program start date, $100.00 cancellation fee.
Less than 7 days prior to program start date, forfeit of payment.