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Eugene
ParticipantMost of my neighbors have either solar panels or solar heaters. I’ve been thinking of doing this on and off but the threat of a high up-front investment always stops me.
Solar panel prices have been falling rapidly in the last few years. You can high-quality panels for less than $3/watt. At this point the price of the panels is actually lower than the price of mounting hardware, grid-tie inverter, and installation labor.
You get a 30% federal tax credit towards all the money you spend on the project. There’s a state tax credit that’s phased out as more and more solar systems are installed, but money is running out. (We’re down to $0.65/watt in San Diego, I think.)
Taking the tax credit into account, panels should pay off in 8 to 10 years.
Eugene
ParticipantMost of my neighbors have either solar panels or solar heaters. I’ve been thinking of doing this on and off but the threat of a high up-front investment always stops me.
Solar panel prices have been falling rapidly in the last few years. You can high-quality panels for less than $3/watt. At this point the price of the panels is actually lower than the price of mounting hardware, grid-tie inverter, and installation labor.
You get a 30% federal tax credit towards all the money you spend on the project. There’s a state tax credit that’s phased out as more and more solar systems are installed, but money is running out. (We’re down to $0.65/watt in San Diego, I think.)
Taking the tax credit into account, panels should pay off in 8 to 10 years.
Eugene
ParticipantMost of my neighbors have either solar panels or solar heaters. I’ve been thinking of doing this on and off but the threat of a high up-front investment always stops me.
Solar panel prices have been falling rapidly in the last few years. You can high-quality panels for less than $3/watt. At this point the price of the panels is actually lower than the price of mounting hardware, grid-tie inverter, and installation labor.
You get a 30% federal tax credit towards all the money you spend on the project. There’s a state tax credit that’s phased out as more and more solar systems are installed, but money is running out. (We’re down to $0.65/watt in San Diego, I think.)
Taking the tax credit into account, panels should pay off in 8 to 10 years.
Eugene
ParticipantMost of my neighbors have either solar panels or solar heaters. I’ve been thinking of doing this on and off but the threat of a high up-front investment always stops me.
Solar panel prices have been falling rapidly in the last few years. You can high-quality panels for less than $3/watt. At this point the price of the panels is actually lower than the price of mounting hardware, grid-tie inverter, and installation labor.
You get a 30% federal tax credit towards all the money you spend on the project. There’s a state tax credit that’s phased out as more and more solar systems are installed, but money is running out. (We’re down to $0.65/watt in San Diego, I think.)
Taking the tax credit into account, panels should pay off in 8 to 10 years.
May 19, 2011 at 5:48 PM in reply to: Ex-in-laws (3rd party creditors) want to foreclose on my condo #697131Eugene
Participant[quote]a good attorney (not the attorney who did the divorce though).[/quote]
+1 on that. The attorney who forgot about the stipulation and allowed frenchlambda to sign a waiver of CFC 2640 reimbursement should not get another penny.
May 19, 2011 at 5:48 PM in reply to: Ex-in-laws (3rd party creditors) want to foreclose on my condo #697220Eugene
Participant[quote]a good attorney (not the attorney who did the divorce though).[/quote]
+1 on that. The attorney who forgot about the stipulation and allowed frenchlambda to sign a waiver of CFC 2640 reimbursement should not get another penny.
May 19, 2011 at 5:48 PM in reply to: Ex-in-laws (3rd party creditors) want to foreclose on my condo #697817Eugene
Participant[quote]a good attorney (not the attorney who did the divorce though).[/quote]
+1 on that. The attorney who forgot about the stipulation and allowed frenchlambda to sign a waiver of CFC 2640 reimbursement should not get another penny.
May 19, 2011 at 5:48 PM in reply to: Ex-in-laws (3rd party creditors) want to foreclose on my condo #697963Eugene
Participant[quote]a good attorney (not the attorney who did the divorce though).[/quote]
+1 on that. The attorney who forgot about the stipulation and allowed frenchlambda to sign a waiver of CFC 2640 reimbursement should not get another penny.
May 19, 2011 at 5:48 PM in reply to: Ex-in-laws (3rd party creditors) want to foreclose on my condo #698319Eugene
Participant[quote]a good attorney (not the attorney who did the divorce though).[/quote]
+1 on that. The attorney who forgot about the stipulation and allowed frenchlambda to sign a waiver of CFC 2640 reimbursement should not get another penny.
May 19, 2011 at 4:38 PM in reply to: Ex-in-laws (3rd party creditors) want to foreclose on my condo #697061Eugene
Participant[quote=frenchlambda]
My understanding was that whatever down-payment was used to purchase the property could only be recuperated from the equity that’s in it.
Am I wrong?
If so, am I legally entitled to get $85k (or even a percentage of it) from my ex?[/quote]You _had_ the right to be reimbursed $85k out of the community estate during division of assets when you were divorcing. (Which, in practice, would have meant that you’d get $43k more and she’d get $43k less.) For example, if there was a joint savings account with more than $85k in it, you could have taken $85k to yourself and evenly divided the rest.
Whatever rights you have now, two months after the divorce has been finalized, and after countless signed papers, it’s really hard for me to say.
Edit: actually I’m not sure. CFC §2640 mentions “net value of the property”. What is net value of the property? Is it the fair market value or is it the amount of equity?
May 19, 2011 at 4:38 PM in reply to: Ex-in-laws (3rd party creditors) want to foreclose on my condo #697150Eugene
Participant[quote=frenchlambda]
My understanding was that whatever down-payment was used to purchase the property could only be recuperated from the equity that’s in it.
Am I wrong?
If so, am I legally entitled to get $85k (or even a percentage of it) from my ex?[/quote]You _had_ the right to be reimbursed $85k out of the community estate during division of assets when you were divorcing. (Which, in practice, would have meant that you’d get $43k more and she’d get $43k less.) For example, if there was a joint savings account with more than $85k in it, you could have taken $85k to yourself and evenly divided the rest.
Whatever rights you have now, two months after the divorce has been finalized, and after countless signed papers, it’s really hard for me to say.
Edit: actually I’m not sure. CFC §2640 mentions “net value of the property”. What is net value of the property? Is it the fair market value or is it the amount of equity?
May 19, 2011 at 4:38 PM in reply to: Ex-in-laws (3rd party creditors) want to foreclose on my condo #697747Eugene
Participant[quote=frenchlambda]
My understanding was that whatever down-payment was used to purchase the property could only be recuperated from the equity that’s in it.
Am I wrong?
If so, am I legally entitled to get $85k (or even a percentage of it) from my ex?[/quote]You _had_ the right to be reimbursed $85k out of the community estate during division of assets when you were divorcing. (Which, in practice, would have meant that you’d get $43k more and she’d get $43k less.) For example, if there was a joint savings account with more than $85k in it, you could have taken $85k to yourself and evenly divided the rest.
Whatever rights you have now, two months after the divorce has been finalized, and after countless signed papers, it’s really hard for me to say.
Edit: actually I’m not sure. CFC §2640 mentions “net value of the property”. What is net value of the property? Is it the fair market value or is it the amount of equity?
May 19, 2011 at 4:38 PM in reply to: Ex-in-laws (3rd party creditors) want to foreclose on my condo #697894Eugene
Participant[quote=frenchlambda]
My understanding was that whatever down-payment was used to purchase the property could only be recuperated from the equity that’s in it.
Am I wrong?
If so, am I legally entitled to get $85k (or even a percentage of it) from my ex?[/quote]You _had_ the right to be reimbursed $85k out of the community estate during division of assets when you were divorcing. (Which, in practice, would have meant that you’d get $43k more and she’d get $43k less.) For example, if there was a joint savings account with more than $85k in it, you could have taken $85k to yourself and evenly divided the rest.
Whatever rights you have now, two months after the divorce has been finalized, and after countless signed papers, it’s really hard for me to say.
Edit: actually I’m not sure. CFC §2640 mentions “net value of the property”. What is net value of the property? Is it the fair market value or is it the amount of equity?
May 19, 2011 at 4:38 PM in reply to: Ex-in-laws (3rd party creditors) want to foreclose on my condo #698249Eugene
Participant[quote=frenchlambda]
My understanding was that whatever down-payment was used to purchase the property could only be recuperated from the equity that’s in it.
Am I wrong?
If so, am I legally entitled to get $85k (or even a percentage of it) from my ex?[/quote]You _had_ the right to be reimbursed $85k out of the community estate during division of assets when you were divorcing. (Which, in practice, would have meant that you’d get $43k more and she’d get $43k less.) For example, if there was a joint savings account with more than $85k in it, you could have taken $85k to yourself and evenly divided the rest.
Whatever rights you have now, two months after the divorce has been finalized, and after countless signed papers, it’s really hard for me to say.
Edit: actually I’m not sure. CFC §2640 mentions “net value of the property”. What is net value of the property? Is it the fair market value or is it the amount of equity?
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