CHARLOTTESVILLE, Va., Nov. 16, 2021 (GLOBE NEWSWIRE) — Pearl Certification, a national provider of third-party certifications for high-performing homes, recently launched the Pearl Equity Calculator to help American homeowners realize the right return on investment ( ROI) for their solar home installations.
While some studies have shown that solar energy can add up to $4 to $5/watt, or 4%, to a home’s value, many homeowners don’t see these returns when they sell their homes. The Pearl Equity Calculator helps solve this problem by equipping homeowners, contractors and appraisers with the resources they need to accurately capture the value of residential photovoltaic (PV) systems.
“In the vast majority of sales, the owner doesn’t provide any information about their rooftop solar,” LeBaron said. “As a result, appraisers have no basis to recognize its value in appraisal. To solve this problem, we have created a special version of the Pearl Equity Calculator tool exclusively for appraisers. It’s free, easy to use, and provides an accurate assessment based on certified data from trusted sources.”
Industry professionals are already expressing excitement about the power of Pearl’s Equity Calculator to support an industry-accepted valuation methodology for residential solar power. “Pearl is the market leader in high performance home metrics,” said Woody Fincham, SRA, AI-RRS, ASA, RAA. “Knowing that Pearl has now created a Solar PV Calculator to help appraisers and others understand the value of an owned solar system is great news.”
The Pearl Equity Calculator is the industry’s first tool to automatically calculate the discounted cash flow of certified contractor installations for home appraisal purposes. Here’s how it works:
- Free registration – The Pearl Equity Calculator is free to all licensed appraisers. Creating an account is quick and easy, and automatically provides a central location to house all of the top performing home reviews.
- Enter solar data — With auto-fill and simplified data entry, it only takes a few minutes to estimate a solar installation.
- Receive discounted cash flow – The Pearl Equity Calculator will return the discounted cash flow along with all supporting documentation to be used in the valuation of a high performance solar home.
For more information and to register to use the free Pearl Equity Calculator for appraisers, please visit calculatorperle.com/appraiser-signup.
About Pearl Certification
Pearl Certification is a national company that provides third-party certification of high-performance homes: homes with “performance assets” that make them healthy, safe, comfortable, energy and water efficient. Pearl Certification was accepted into the prestigious National Association of Realtors Reach Accelerator program in 2017. For more information, visit certificationperle.com.
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Lindsay Bachman
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(412) 443-2996
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