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Reached out to Joe and Team in a difficult spot… huge weight lifted off the client and his advisors
Responsive, professional, first class deliverables
Joe and Aron were extremely impressive… could not have been more helpful
DEFENSIBLE, USPAP-COMPLIANT SOLAR PROJECT COMPANY APPRAISAL REPORTS — QUALIFIED FOR THE IRS, INSURANCE AGENCIES, LENDERS, AND MORE.
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Owner & CEO
Joe founded AppraiseItNow to make a certified, USPAP-compliant appraisal as simple to order as anything else online. A former Bain & Company strategy consultant, Joe leads the entire team and specializes in strategy, growth, and the firm's tech capabilities.
Business Valuation Expert & Appraiser
ASA, ABV, and CFA charterholder. Since 2016 Justin has valued businesses for estate and gift tax, purchase price allocations, fairness opinions, lending, and buy-sell agreements, across manufacturing, services, retail, and pre-revenue biotech.
Business Valuation Expert & Appraiser
Accredited Senior Appraiser with the American Society of Appraisers. Raymond values capital stock, business enterprises, stock options, and intangible assets.
Client Success Manager
Manages each engagement from the first enquiry to the delivered report, and keeps you posted at every step along the way.
American Society of AppraisersAccredited Senior Appraiser
The Appraisal FoundationAuthorized by Congress as the source of appraisal standardsWhen a developer sells a solar project company to a tax equity partnership or an affiliate before the project is placed in service, the buyer's basis is generally the price it paid. Only the part of that price that belongs to eligible energy property earns a credit, and the price itself has to hold up as fair market value.
Why the price matters
Sections 48 and 48E measure the investment credit as a percentage of energy-property basis. Using the expected credit to prove the property's value is circular; a developer markup has to be shown from the market. Our appraisers keep both points in the analysis and show the evidence in the report.
The residual method
When the purchase is treated as an applicable asset acquisition, Treas. Reg. 1.338-6 moves the price through seven classes. Energy property is Class V. Contract rights such as power purchase agreements generally fall in Class VI. Whatever is left is goodwill in Class VII, which earns no credit.
Section 6418
A buyer of a transferred credit under Section 6418 reviews whether the seller's basis rests on construction cost or on a purchase price, and how that price was supported. An independent valuation that states the approaches and the allocation is what that review starts from.
We scope each engagement to the transaction in front of you, from a single commercial rooftop or carport system to a community solar garden or a small portfolio.
What we value
Engagements we take on include:
How engagements run
Most work runs remotely from construction contracts and cost reports, purchase and partnership agreements, offtake contracts, and the production and financial models. We confirm scope, a fixed fee, and the deadline before the appraisal starts.
What every report states
Every report states the standard of value applied, the approaches used, the support for any developer profit, and the residual-method allocation among the asset classes, because those are the pages a tax counsel, investor, or credit buyer turns to first.
Sponsors, tax equity investors, credit buyers, and the CPAs and counsel who advise them engage us when a filing or closing needs a conclusion of value that did not come from an interested party.
Sponsors and investors
A sponsor selling into tax equity, an affiliate transfer before placed-in-service, or a flip buyout of a remaining interest. The report is written so the other side of the transaction can follow the evidence.
Credit buyers and counsel
A credit buyer reviewing seller basis, or counsel preparing the return, needs the allocation and the market support for any step-up stated clearly. We do not provide legal or tax advice; clients must seek independent professional counsel.
What clients say we are known for
Across 110+ published AppraiseItNow reviews the picture is consistent: every one is from a client who paid us for an appraisal, and the three things they raise most often are that they would hire us again, how quickly we answer, and how much research is visible in the report.
Reached out to Joe and Team in a difficult spot. A client gifted 5 Private Market LPs to a trust and needed a valuation and had a 5 week window to get it done. We had a call with Joe and he outlined what information was needed and provided an estimated cost. We received a detailed engagement letter with final cost. Joe was confident his team could get the job done on time. We received the draft valuation in approximately 4 weeks which needed to be reviewed by tax and legal counsel. When it was all said and done the final report was delivered a couple days earlier than originally promised which was a huge weight lifted off the client and his advisors. Communication is key and AppraiseItNow did a great job from start to finish and delivered exactly what they promised. Great experience!
Business Valuation for Gift Tax
Responsive, professional, first class deliverables -- especially considering that that the appraised assets are extremely complex financial assets with little by way of comps. The deliverable satisfied my accountants and advisers as being more than adequate to support the valuation needed to complete a conversion to a Roth IRA
Business Valuation for IRA Conversion
Joe and Aron were extremely impressive - the entire process went very smoothly. They were always quick to respond to any questions I had and could not have been more helpful. They were aware of some tight time restrictions I had and made sure I received my reports in a timely fashion. I highly recommend them to anyone needing a valuation.
Business Valuation for Charitable Donation
I used AppraiseItNow to examine a contribution to a foundation. Their work was quick, thorough, and easy to work with, as they’ve developed a simple system for uploading documents. I plan to use them again.
Business Valuation for Charitable Donation
The team was highly knowledgeable, helpful, and efficient. I highly recommend their appraisal services, especially for private companies.
Business Valuation for IRA Conversion
I found them professional & responsive. The report was quite thorough as well.
Business Valuation for Charitable Donation
Submit estimate or list of items for our review.
We'll share a flat fee quote for your approval.
Submit details on all of your items for our review.
We'll conduct detailed research and prepare a written USPAP-compliant report.
Delivery of your report and supporting documents (e.g., signed IRS Form 8283) by email.
Usually of the project company or a partnership interest in it. The investment credit under Sections 48 and 48E is a percentage of the basis of energy property. When that basis comes from a purchase price, the appraisal has to support the fair market value of what was bought and allocate that price so goodwill stays out of credit-eligible basis.
When a project-company purchase is treated as an applicable asset acquisition, Treas. Reg. 1.338-6 allocates the price through seven asset classes. Energy property is Class V. Contract rights such as power purchase agreements generally fall in Class VI. Class VII (goodwill and going concern) earns no credit. A valuation that supports a step-up has to value each class, not only the total.
A credit buyer reviews whether the seller's basis rests on construction cost or on a purchase price, and how that price was supported. An independent USPAP report that states the approaches and the allocation is the document that review starts from. Qualification and credit eligibility remain legal questions for counsel.
Construction contracts and cost reports, the purchase or membership-interest agreement, the operating or partnership agreement, offtake contracts, and the production and financial models. If a document does not exist yet, we say at scoping whether the valuation can proceed without it.