2023 -- S 0819
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LC001085
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S TATE OF RHODE IS LAND
IN GENERAL ASSEMBLY
JANUARY SESSION, A.D. 2023
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A N A C T
RELATING TO BUSINESSES AND PROFESSIONS -- REAL ESTATE APPRAISER
CERTIFICATION ACT
Introduced By: Senator Leonidas P. Raptakis
Date Introduced: March 23, 2023
Referred To: Senate Judiciary
It is enacted by the General Assembly as follows:
SECTION 1. Chapter 5-20.7 of the General Laws entitled "Real Estate Appraiser 1
Certification Act" is hereby amended by adding thereto the following section: 2
5-20.7-27. Solar panels. 3
Solar panels shall be included in the appraisal of any real estate for the purpose of financing 4
to purchase a property or refinancing a loan on the property, except as prohibited pursuant to ยง 5-5
20.7-25. The appraisal shall include the past twenty-four (24) months of invoices for net metering 6
pursuant to chapter 26.4 of title 39 in order that the average income or balance due generated over 7
that time can be utilized for the purchase of or refinancing a loan on the property. 8
SECTION 2. This act shall take effect upon passage. 9
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LC001085
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LC001085 - Page 2 of 2
EXPLANATION
BY THE LEGISLATIVE COUNCIL
OF
A N A C T
RELATING TO BUSINESSES AND PROFESSIONS -- REAL ESTATE APPRAISER
CERTIFICATION ACT
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This act would require real estate appraisers to include solar panels in the appraisal of any 1
real estate along with the past twenty-four (24) months of invoicing for net metering to determine 2
any average income or balance due, except as prohibited under federal law or regulation. 3
This act would take effect upon passage. 4
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LC001085
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