|
SAVING
YOU MONEY
You
own your home; it is time that you owned your
electricity too. Why keep buying electricity
from a monopoly
provider that can charge you whatever they want
for electricity, when you can own your electricity
for the next
30 years.
In
California, most customers of the major utilities
(PG&E, Southern California Edison and San
Diego Gas and
Electric) can save money by going solar today.
That’s right, not only will you be saving
the environment, you will
be saving money.
Incentives for Solar
Cash Rebates
California
has several programs that make Sol-Gen Solar
Electric Systems a great option for anyone who
owns a
home and has a clear south facing exposure.
First,
California offers a cash rebate. Here are the
rebates for the different utility companies:
| Utility |
Current
Rebate (as of 3/08) |
| PG&E |
$1.90/W |
| SCE |
$2.50/W |
| SDG&E |
$2.20/W |
Several municipal utility districts offer rebates to their customers. View them here
Federal Tax Credit
Additionally,
there is a federal tax credit of $2,000 on the
cost of the system after the rebate.
Net Metering - Credit from Utility Co.
California has a Net Metering Law that allows
you to sell any extra electricity that you generate
back to the
utility at the same rate that you buy it.
Financing
At
Solar Depot, we offer a finance program that
allows you to tap the equity in your home to
pay for the system and
turn the one time payment back into an affordable
monthly payment.

Please
note: the actual cost of the
installed system will depend upon the difficulty
of the individual installation.
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 Sol-Gen 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.
The rates for electricity from Pacific Gas and
Electric, Southern California Edison and San Diego Gas and Electric
are listed below:
| Pacific
Gas and Electric |
Southern
California Edison |
San
Diego Gas and Electric |
Tier
1 - 11.50 cents/kWh
Tier 2 - 13.00 cents/kWh
Tier 3 - 23.00 cents/kWh
Tier 4 - 32.00 cents/kWh
Tier 5 - 36.00 cents/kWh |
Tier
1 - 11.80 cents/kWh
Tier 2 - 13.74 cents/kWh
Tier 3 - 22.84 cents/kWh
Tier 4 - 35.46 cents/kWh
Tier 5 - 48.06 cents/kWh |
Tier
1 - 12.86 cents/kWh
Tier 2 - 14.88 cents/kWh
Tier 3 - 25.66 cents/kWh
Tier 4 - 26.57 cents/kWh
Tier 5 - 28.15 cents/kWh |
Rate
Inflation
If
you think that rates are high now, just wait
a few years. Over the last 30 years, rates for
residential customers in
California have increased at an average of 6%
per year. The data in the chart below from the
California Public Utilities Commission shows
average electric rates in California over the
last 35 years.
You
buy insurance against fire, theft and flood.
What insurance do you have against rising electric
rates? With solar,
you have some insurance against the political
unrest and resource depletion risk that plague
energy markets.
When
investing in solar, you are buying an asset
(like a stock or a bond) that will provide you
income (electricity) over a
long period of time. Unlike a stock or a bond,
solar has little risk and the pre-tax return
on investment ranges from 10-20%.
|