REAL ESTATE NEWS: Energy for HOA Communities | Blog Video
A solar electric power system produces all the electricity consumed on the property.
Through Net Energy Metering, the monthly payments to the electric utility company are reduced to zero.
Solar panels are inexpensive and in mass production. They are designed to last for 40-50 years. They come with a 25-year energy production guarantee from the manufacturer.
All that is required for a single condo owner to determine how large a solar system is needed is a recent electric utility bill. If it is a larger project for the HOA common area, simply provide 12 consecutive months of utility bills.
A solar Installer Rating Service can assure the utmost in Quality, Reliability and Customer Service. Work with solar companies that have experience with large complex projects, are fully licensed and provide the utmost in customer service.
The cost of an installed solar system is much less than what it was a few years ago. In 2021, it may produce electricity for as little as a third of what you are paying the utility company.
You can MAKE money with a solar system because it is a PRODUCING asset. The electricity it produces has monetary value and is purchased by the utility company through Net Energy Metering.
The installation process is streamlined and efficient. There is no interruption in electricity service to the property.
Financing
No Money Down financing is readily available with flexible terms and modest interest rates. There is NO LIEN placed on the property.
Monthly payments are LESS than the average electric utility bill you are currently paying. A typical payback period is 7-9 years.
There is a 26% Federal Energy Tax Credit available on the full installation cost of a rooftop photovoltaic solar electric system. For a commercial project it is called the Federal Energy Investment Tax Credit. This program was supposed to be phased out at the end of 2019, but was extended for 2 more years.
Various forms of financing included firms that specialize in financing energy projects.
Consult with an independent Energy Adviser that has expertise in solar energy, storage batteries and EV charging stations, one that specializes in solar projects for HOA communities and large residential properties, and can help homeowners save a lot of money on electricity — both in the short term and the long term.
Condo home owners find it advantageous to get an assessment of the energy situation for a property and an evaluation of the feasibility of a solar project.
Get a FREE energy audit and a FREE financial analysis to show the cost savings and estimate the financial payback period, along with various forms of financing.
A Solar/Electrical Installer Rating Service can make sure that homeowners gets an experienced company to do the design and installation – and one that will provide ongoing support and customer service in the future. It is important to realize that not all solar companies are capable of handing the requirements of a complex project.
Home owners of condos, apartments — and owners of commercial buildings: Get a FREE energy audit and FREE financial analysis. Fill out the online form:
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Copyright © This free information provided courtesy L.A. Loft Blog with information provided by Corey Chambers, Realty Source Inc, BRE 01889449. We are not associated with the seller, homeowner’s association or developer. For more information, contact 213-880-9910 or visit LALoftBlog.com Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.