Bruce F. Wiley. Mai

Co-Founder of US Solar Value and CEO of Akerson & Wiley, Wellesley, MA, has appraised 250+ solar and wind farms totaling well over 700+ megawatts of nameplate capacity. With over 40 years of commercial real estate appraisal experience, he has been hired to do appraisals by major banks, law firms, tax equity and other investors.

After many years in Denver, he was recruited to Boston in 1990 as Chief Appraiser for the workout of the Bank of New England. He is a Life Member of the Appraisal Institute and has been active in national and international professional organizations.

Qualifications

US Solar Value and Akerson & Wiley, Inc., Boston, MA (1992 – Present).

Co-founded and operates real estate valuation and counseling practice specializing in solar and renewable energy installations and green/sustainable property appraisals.  Client base includes banks, insurance companies, federal, state, local governments, non-profits, attorneys and many others. Qualified as expert witness in federal and district courts and prepares appraisals for use with IRS matters.

- Valuation of Renewable Resources and Sustainable Buildings Appraisals of over 250 solar and wind farms and rooftop solar panels. Appraisals of Energy Conservation Measures for C-PACE financing and ad valorem taxation. Appraisal Institute Professional Development Registry - Valuation of Sustainable Buildings: Commercial. Appraisal Institute development team for Case Studies in Appraising Green Commercial Buildings and Residential and Commercial Valuation of Solar. Speaker at seminars for bankers, appraisers, assessors and others on the appraisal of solar installations and sustainable real estate.  

- Notable assignments have also included the appraisal of major commercial properties and subsequent testimony in federal courts; consulting with the US Department of Labor on ERISA compliance; the appraisal of portfolios with as many as 300 properties; the appraisal of military bases and facilities in Rhode Island, New York, Connecticut and Florida; and the appraisal of landmark properties in Boston such as Rowes Wharf, the Federal Custom House and Exchange Place.

In addition to co-founding and operating US Solar Value and Akerson & Wiley, served as regional managing director for national appraisal companies Grubb & Ellis Landauer Valuation Services and an appraisal affiliate of GMAC Commercial Mortgage.

Bank of New England, Senior Vice President and Chief Appraiser. Boston, MA (1990-1991).

Formed new appraisal department for the workout function for a real estate portfolio in excess of $8 billion with 8,500 properties. Managed a total staff of 75 with 43 review appraisers and seven offices. Budget responsibility of $15 million.

Ernst & Young, Senior Manager. Dallas, Texas (1989-1990).

Managed Southwest regional real estate valuation practice. Reviewed book values and transactions for auditors. Performed appraisal management services, portfolio valuations, due diligence and counseling on investment real estate.

Appraisal, Consulting Background, Denver, Colorado and Peoria, Illinois (1970-1989).Positions in real estate sales, banking and fee appraisal including Chase and Company, London-based Gooch & Wagstaff, BA Mortgage Company, Bowes and Company, Midland Savings, all in Denver, and Commercial National Realty in Peoria, Illinois.

PROFESSIONAL ASSOCIATIONS AND EDUCATION
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Member (MAI), Appraisal Institute.
- Life Member.Appraisal Institute National Faculty Member for Green, Sustainable and Solar series of courses, seminars.
- U.S. Green Building Council (USGBC) – National and MA Chapter (Education Committee).
- Northeast Sustainable Energy Association (NESEA).
- American Solar Energy Society (ASES).
- National Council of Real Estate Investment Fiduciaries (NCREIF), 1992-1999, 2010-2011 Valuation Committee.
- Vice Chair, Appraiser Qualification Board of The Appraisal Foundation, Washington, DC.
- Certified General Real Estate Appraiser – MA 1213 (other state permits as needed). Licensed Real Estate Broker.
- Bradley University, Peoria, Illinois, Bachelor of Arts, Philosophy.

How to Get Your Appraisal Started

01
Information

Send Project Locations & Sizest

02
Scope of Work

Discuss Intended Use & User

03
Fees & Timing

Discuss Closing Schedules

04
Letter of
Engagement

Reflect Client Expectations & Appraiser Responsibilities