I used to be on the board of an HOA for a small 12-unit condominium. The HOA was owner run and we were looking to cut our expenses. One major expense was electricity. In part this was because all the common hallways were lit 24/7/365 by old incandescent flood lights. Replacing about 36 60Watt floodlights with 15Watt CF bulbs saved the HOA over $1200/year. Not to mention that we haven't had to replace a single CF since they were installed in summer 2003. This cost savings meant that we didn't need to raise HOA dues when other condos across town were doing just that. We recup'ed our investment in the bulbs in less than three months.