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 is Net Metering?
When your solar system produces more energy than you need at the time, the excess energy moves onto the main power grid. Then, when you need power, your system pulls energy from the grid.
Currently, the power you push onto the grid and the power you pull off are valued at the same rate. If you purchase or lease a solar system right now, you will be “grandfathered” into this agreement for 20 years.
Changes to Net Metering in California
On or before July 1, 2017, Southern California Edison was given permission by the California Public Utilities Commission to switch to a revised program which credits solar system owners somewhat less than the retail value of the energy they put onto the grid. When a home or business owner needs power, the SCE charges the full retail rate for that energy. 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 Edison will also mandate that solar customers move to a mandatory time-of-use billing structure. This means that power will be at its most expensive until later in the day. Depending on your daily living habits, this could also cost you significantly more money.
The Best Rates for Solar in the Coachella Valley
A solar company like Renova Energy can help you understand the advantages of going solar now and 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 a solar system.
Currently, if you have a fairly large utility bill each month, Renova customers have seen consistent savings of up to 40%. With smaller utility bills, savings should still be at least 25%. If you do decide to lease (with no money down and free installation), you will have a fixed payment for 20 years, so your 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.