I’m on municipal power, by my MIL 10 minutes away is on PG&E and her rate is easily 4x mine, it’s absurd. She doesn’t even have AC and her power bill is over $800/mo!
That’s crazy. Is solar an option? It’s close to $120/mo depending on how many panels you get and the terms of the loan/lease. And if you buy you get up to a 1/3 of it back in tax credit (assuming you owe enough).
You normally have to own your home and it takes well over 10 years before you recover the cost of purchasing solar. Home ownership is out of reach for many in California.
True, Net Metering 3.0 made paybacks longer, although if you apply your tax credits to your loan it’s still reasonable. Though I’d point out that there’s no break even point if you’re just paying PG&E. With a solar loan, your payments are locked in vs subject to rate increases and after its paid off, you essentially eliminate your electric bill. I’m just speaking from personal experience though so YMMV.
I agree that housing affordability is difficult in CA and that renters have less options in this regard.
I’m on municipal power, by my MIL 10 minutes away is on PG&E and her rate is easily 4x mine, it’s absurd. She doesn’t even have AC and her power bill is over $800/mo!
That’s crazy. Is solar an option? It’s close to $120/mo depending on how many panels you get and the terms of the loan/lease. And if you buy you get up to a 1/3 of it back in tax credit (assuming you owe enough).
You normally have to own your home and it takes well over 10 years before you recover the cost of purchasing solar. Home ownership is out of reach for many in California.
True, Net Metering 3.0 made paybacks longer, although if you apply your tax credits to your loan it’s still reasonable. Though I’d point out that there’s no break even point if you’re just paying PG&E. With a solar loan, your payments are locked in vs subject to rate increases and after its paid off, you essentially eliminate your electric bill. I’m just speaking from personal experience though so YMMV.
I agree that housing affordability is difficult in CA and that renters have less options in this regard.