My PGE bill is a little over 50c per kilowatt hour. Its starting to become like a second mortgage or car payment for some. Wondering what other people are paying for their power.
https://www.pge.com/assets/pge/docs/account/rate-plans/residential-electric-rate-plan-pricing.pdf
That program is closed now unfortunately. So many people tried to jump on that it was quickly overwhelmed from what I saw on the news.
I agree, its unfair for the bay AND the central valley. Given that PGE has had record profits year after year lately doesn’t make me feel any better…
At this point im getting solar out of spite.
Aight, and seems like a legit thing to look into, but I’d run the numbers on 'em first. Especially given that they’ve got the grid connection fee coming or present, it will make solar less-favorable than it had been in some recent years, and a lot of companies went up to homeowners and told 'em “I’ve got a great investment for you” that didn’t always turn out to be quite as good an idea as some people hoped.
You’ve got the time value of money. So if you’re buying a ton of hardware up front, that’s money that’s either you aren’t earning a return on or money that you’re borrowing and paying interest for.
The panels and batteries do not last forever. You’re getting N years of service out of them, even if nothing breaks.
You might also want to price insulation costs of various things on your place. Like, that may provide a better return. I don’t know the numbers, but windows, weatherstripping, attic, etc.
Your absolutely right. ill be looking at the numbers. But with 50c+ per kilowatt…its going to be hard NOT to make my money back.
At 50¢/kWh even adding batteries and trying to be as disconnected as (legally) possible from the grid might pay for itself!
I’m probably doing solar in spring, and I’m paying 20 cents per kwh. It’s about a 13 year breakeven time, but that works for my circumstances. I plan to be here for awhile, my roof faces the right way, and it’s a reasonable diversification of investment.
I’ll still have some dependence on the grid, especially in winter. Might pull from the grid in some early morning hours, but net metering credits should pay for that.
I consider the rising price of electricity and the capital gains from an index funds roughly a wash. It’s not, but I also don’t want 100% of my investments in the stock market, and it’s nice to do something responsible for the world.
So make sure to do your whole installation in one year. You only get to claim the 30% federal tax credit once. So don’t go small with a plan to go bigger later. I couldn’t do this without the federal credit.