‘Solar eclipse’ for California HOAs ★ AB-634 What does the average California solar installation cost? SLIDESHOW ▶ https://goo.gl/njrdem ▶ In CA, the total average cost of an installed residential solar (PV) system is about $16,950 for a four-kilowatt system, the average size of a residential installation. But since we are among 182 owners in the unique Cobblestone Canyon (condos) of Trilogy Glen Ivy, it stands to reason the average-capacity system would not meet our needs here. But even if it did and we could reasonably move through the HOA approval hurdles (see attached report), the amortization of such a system seems well beyond reach. Let’s assume a solar system could drop our monthly bills to zero. For 2017, our monthly SCE bills averaged $58.30, or 644.21 for the year. My simple math calculation means it would take 26 years to amortize a $16,950 solar system.   Simply observing that this idea is not in the cards at this time even th...

Condo owners and would-be buyers are monitoring this news from the FHA and home mortgage front. The topic has particular interest for condo owners who are now seeking reverse mortgages now or in the future. At our HOA community, TRILOGY Glen Ivy, we have lacked this FHA certification mainly due to a side issue that relates to the presence of our community enhancement fund. This requires that all close escrows on properties sold are required to pay a .5% fee on the sales price to the enhancement fund that is managed by a separate nonprofit board aligned with our HOA governing board, but not controlled by that board. The FHA alarms about HOA community enhancement funds seems to be a bogus issue.  Why haven't the Feds concluded that these funds are actually a way communities can pay for improvements without raising regular dues? #FHAUpdate Flip②▶Home ♥ Worth on Flipboard |  http://flip.it/ZW4Jq Archive includes ... ▶ New bill brings good news for condo buyers |...