If you’ve been thinking about going solar, there’s never been a better time.
Because if you’re a Southern California Edison customer, the current net metering program is the best it’s ever going to be.
What does that mean?
Currently, when your solar system produces more energy than you need at the time, the excess energy moves onto the grid. Then, when you need power, you pull energy from the grid. Currently, the power you push on, and the power you pull off, are valued the same. If you purchase or lease a system right now, you will be “grandfathered” into this agreement for 20 years.
However, on or before July 1, 2017, Southern California Edison has been given permission by the California Public Utilities Commission to switch to a revised program which credits you somewhat less than the retail value of your energy when you share extra power with the grid. Then, when you need power, SCE charges you the full retail rate. Although the difference in the two rates won’t be substantial, it will add up over the life of the 20-year agreement.
Southern California will also mandate that solar customers move to a mandatory time-of-use billing structure. This means that power will be its most expensive until later in the day. Depending on your daily living habits, this could also cost you more money.
A solar company like Renova can help you understand the advantages of going solar now, and if it works for you, help you start saving money right away. With the 30% Federal Tax Credit still in effect, it will save you money whether you purchase or lease. Currently, if you have a fairly large utility bill each month, Renova has seen savings that consistently hit 40%. With smaller bills, savings should still be at least 25%. And if you do decide to lease (with no money down and free installation), you will have a fixed payment for 20 years, so the savings will continue to grow as electric rates increase, and your total cost stays the same. Decide to sell your home? Simply transfer the lease to the new owner. And since Renova uses SunPower panels and SunPower leasing, the process is very simple.