The Truth About Your Electric Bill In CA
How PG&E and SoCal Edison got away with highway robbery
Earlier this year, the Public Utilities Commission approved the biggest electric rate hike in California history, ultimately boosting rates by as much as 80 percent for residential customers.
The new rates, which appeared earlier this year on your bill, were approved after the Public Utilities Commission mandated a $5 billion rate hike. That’s right, $5 billion!
For Edison's heaviest residential users, the rate hike is 71 percent — from $195 to $265 on monthly bills.
Many residential homeowners in PG&E's top tier saw their electric rates jump from 14.3 cents to 25.8 cents per kilowatt hour. That's an 80 percent increase. That translates into an average increase of $85 — from $230 to $315 — on monthly bills.
I don’t know about you, but that seems like highway robbery to me. That’s a lot of people, paying a LOT MORE money without even using more electricity.
I mean, who are we kidding? Electric rates have gone up every year and they will continue to do so for the foreseeable future. So, how can we protect ourselves from these ongoing rates?
The answer is simple: Solar energy.
Solar is by far the best solution to lower your bill and “lock in” your rates now for the future regardless of the rate changes by your utility and its never made more sense than now.
To find out exactly how much you will save by going solar with Future Energy, schedule your free in-home consultation with one of our energy experts today.
VIDEO: 5 important tips for CA homeowners from real sources
Paying more than $200 month? See how this customer was able to save thousands!
Can I save with solar?
Should YOU Go Solar?
5 important things to know
#1 You want to make sure you are paying at least $130 per month in electrical utilities.
WHY? Solar is most valuable for homeowners paying an excess of $130/month. The more electricity you use, the more value your Solar system brings. Chances are that your home’s washing machine, AC, TV and other home appliances put you way over that threshold. If you ARE paying at least $130 per month, then you definitely may want to consider solar as an option.
#2 2018 marked the biggest electrical rate hike in CA History and it's only gonna' get worse.
Utility companies such as PG&E and SoCal Edison, boosted rates by as much as 80% for residential customers in 2018. Yes, 80%! One of the only ways to protect yourself from rising utility rates, is to produce your own energy.
#3 Your property value will increase and you won't have to pay any additional property taxes
For example, in a state like California, installing 5kW of solar panels adds an average of $29,500 to the retail value of a medium-sized home. Based on studies by the National Renewable Energy Laboratory
#4 Solar has 300% - 400% ROI
If you installed a standard 5Kw Solar System 5 years ago, your total energy savings up until today would have amounted to $11,000. Over its entire lifespan, that same system will have generated about $60,000 worth of electricity
Estimate based on average electrical usage rates of .20 cents/kW hour multiplied by the total kW generated by a 5kW AC Solar system with a total lifespan of 30 years
#5 Not every home qualifies for Solar; consult with a professional.
Variables like roof space and shading can definitely play a part in your home being qualified. To see if your home qualifies, please fill out this Online Solar Qualification Form.