Energy Matters Forums

[lad]

I have a $76000 fully off grid system, a new 9KVA Diesel Generator for backup $12000 and a building project (new house) to go with the shed I live in while it happens. $16000 for water tanks,FF pump household pump and spare HH pump, $10000 septic system.

Bank happy, valuer happy until we put the $114000 into the system above.

Valuer states "we assume power water and sewage exist" so there is no value apportioned to the systems above.

If nothing else, I have just paid my power bills for the next 10+ years.

It astounds me that with the current green awareness and national and global efforts to reduce carbon footprints, that a bank and a valuer see no additional value added with these installations.

Do others have similar experience ?

Is this Tasmania's clean green approach ?

[Tracker]

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Are you really surprised?

Is it any different to a Swimming Pool?
One purchaser will say - Just what I want.. Another will say - A bloody pool, don't need that work !
Or adding a second floor with 4 more bedrooms et al. You can NEVER get that all recognised except buy the one family with 13 children.

Even a humble domestic PV Installation will not add greatly or anything, to a residential valuation.. It will be seen in the same way as nice gardens and a fresh coat of paint - ie. just another plus..

What you have done is great for your personal use and one assumes that that is why you did it, and you can feel proudly "Green" for being self sufficient.
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[Gordon-Loomberah]

It astounds me that with the current green awareness and national and global efforts to reduce carbon footprints, that a bank and a valuer see no additional value added with these installations.

Do others have similar experience ?

In 1991 I bought myself a couple of 60W BP solar panels, some batteries and an inverter for the block of land I wanted to buy, then I could truthfully tell the credit union that there was power here. I never mentioned it was solar! and I'll never know what their reaction might have been if I'd said so when applying for my loan.

[lad]

Fantastic use of the truth Gordon, far more economical and environmental than running wires.

Take your point Tracker but in my case not only is the power, water and sewage taken into account for the next decade, but it is a property that has moved into the next era, that according to businesses like EM and many realestate agents (I hear the snear) claim these features to be a value add. Worst case scenario, if the whole lot was pulled down and sold off, it still has value.

We are headed into a new era and our financiers and valuers need to see the value and give credit for it.

This has been a minor setback for us, but we will live to reap the rewards and the valuer and the financier and their families can breathe easier and cleaner because we have greatly reduced our environmental impact.

Of course there is a nasty negative to this situation, it is an added disincentive to install these products early.