8B — October 12 - 25, 2018 — Southern New Jersey — M id A tlantic
Real Estate Journal
www.marejournal.com
Southern New Jersey Chapter www.ai-snj.org Telephone 856-415-0281 • Fax 856-415-1952
Southern New Jersey Chapter Awarded Grant The Appraisal Institute Valuation of Sustainable Buildings professional development program helps enhance the careers of AI professionals in the “green” valuation arena. Appraisal professionals that complete the courses and successfully pass the examina- tions are placed in the online Appraisal Institute Valuation of Sustainable Buildings Registry. Placement on the registry demon- strates educational competency on this specialized topic and allows clients and employers to identify and hire valuers with green valuation proficiency. The Appraisal Institute Education & Relief Foundation (AIERF) recognizes the importance of sustainable valuation knowledge in today’s changing real estate marketplace and as such has created a grant program to support chapters which desire to offer one or more of AI’s green education programs. The Southern New Jersey chapter applied for a grant, and we are happy to report that we are a recipient. This grant will help keep costs down for a course applicable to “green” valuation. We will be holding the class “Residential and Commercial Valuation of Solar” on April 8 & 9, 2019, at South Jersey Technology Park (part of Rowan University) in Mullica Hill. 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 ap- proach and cost approach to valuing energy produced for solar PV systems. All you need is a tablet 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. 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. For more information, please email lisamayweiss@hotmail.com, call 856.415.0281, or visit www.ai-snj.org. COMING SOON: Valuation Resources for Solar Photovoltaic Systems Register on-line: www.myappraisalinstitute.org/education/southernNewJersey Adelphia Restaurant & Conference Center, 1750 Clements Bridge Road, Deptford, NJ Valuation Resources for Solar Photovoltaic Systems is a 4-hour CE class developed by Elevate Energy and Adomatis Appraisal with support from the U.S. Dept. of Energy. The class is instructed by Lisa Meinczinger, SRA, AI-RRS. Class content includes: • Review of energy storage batteries for solar PV • List of resources from solar PV system valuation experts • Overview of electric rate pricing plans to arrive at an accurate analysis of electric costs Benefits to appraisers include: • Differentiate yourself from your peers by serving as a source of information on solar • Learn to accurately appraise an installation to reduce the risk of liability • Comply with appraisal standards and gain competency before appraising a solar installation • Gain access to tools and resources for developing the market value of a solar home Real Estate and Solar Fast Facts: • There are over one million households in the United States with solar energy systems. The number of installations is expected to grow exponentially in the coming years. • Recent research shows that adding solar to a home – much like renovation the kitchen – can boost a home’s value and resulting home sale price. UPCOMING EVENTS: www.myappraisalinstitute.org/education/southernNewJersey
November 2: Business Practices and Ethics, SJ Tech Center @ Rowan University November 29 & 30: Yellow Book class, SJ Tech Center @ Rowan University
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