AB1103 questions and clarifications.

As confusion tends to grow around AB1103, we’ve decided to share information to specific disclosure scenarios that have been presented to us.  As these scenarios and “what-if” questions are posed we will be sharing them with you.

Question:  What if the building my client is selling has been vacant and we have no energy consumption data?


Regulation Section 1684(e) allows the building owner, in the event that actual energy use data cannot be acquired, to use a reasonable approximation to replace the missing data without delaying the transaction. Section 1684(e) states:

If there is information missing from a disclosure, and if the owner has made a reasonable effort to ascertain the missing information, the owner may then use an approximation of the information, provided that the approximation is identified as such, is reasonable, is based on the best information available to the owner, and is not used for the purpose of circumventing or evading [these Regulations].


Go green without spending green.

For those of  you residing in California, the HERO program has added over 40 new cities. That is fantastic news for homeowners and commercial property owners who want to go green, without spending green.

WHAT IS THE HERO PROGRAM?   HERO is an acronym that stands for:  Home Energy Renovation Opportunity.

HERO is unique in that it provides financing for approved energy efficient, water efficient, and renewable energy products. HERO finances 100% of the cost to purchase and install eligible products. HERO offers low-fixed interest rates, flexible payment terms including 5/10/15/20 years for most products, and repayments are made through your property taxes. Additionally, if the property is sold before the HERO Financing is paid in full, the remaining payments can be passed on to a new property owner.  How many of you have had experience with this program?  Good or bad?