Hedge Against Rising Utility Rates
High Cost of
Electricity
California has among the highest rates of electricity in the country,
with electricity rates reaching as high as $0.50 per kWh, for some
customers, and steadily increasing. Over the last 30 years,
rates for residential customers in California have increased at an
average of 6% per year. The graph below from the California Public
Utilities Commission shows average electric rates in California since
1970.
California has a tiered-rate
structure for residential customers. The more electricity you use, the
higher your rates get. That means that the higher your bills are now,
the more you will save by installing a cost effective solar electric
system from Solar Depot.
Depending on your goal, Solar Depot can design a system to do
one of two things:
1. Zero-out your electricity bill.
2. Eliminate your most expensive electricity cost to substantially
reduce your bill.
Net-metering measures difference between electricity you buy from
utility & electricity your solar system generates. It
allows you to use the grid like a bank account– debiting and
crediting your utility account as you produce and use power.
Utilities are required to credit you for the solar electricity your
system generates and feeds to grid at same price they would sell it to
you. However, excess electricity you produce but do not use
within a 12-month period becomes your donation to the utility
grid—you will NOT receive a check from the utility for this
excess. For this reason, it is important to
properly size your system to avoid this.
Learn More