With SDG&E proposing another 8.6% rate increase, the cost of electricity is set to climb even higher—making the decision to go solar an easy one.
Every time SDG&E raises its rates, the financial advantage of producing your own electricity grows. Most homeowners today are already paying an average of 55¢ to 75¢ per kilowatt-hour, depending on their rate plan and when they use electricity. In comparison, a properly designed solar system typically produces electricity for the equivalent of 10¢ to 18¢ per kilowatt-hour over its lifetime. That means the power coming from your roof can cost a fraction of what you’re paying the utility.
The challenge is that every month you wait is another month you’re paying utility rates instead of generating your own power. While SDG&E can continue increasing rates year after year, the cost of electricity from your solar system remains largely fixed for decades.
At some point, every homeowner will pay for their electricity. The only question is whether you’ll keep paying SDG&E’s rates—or start investing in your own power. If you’ve been considering going solar, now is the time to explore what it could look like for your home before the next rate increase takes effect. Send me your latest SDG&E bill, and I’ll show you exactly how the numbers compare.
