RISING ELECTRIC RATES

Up Up and Away

Year after year, decade after decade, energy prices have always risen. However, over the past decade, with the rapid increase of worldwide petroleum prices, pressures imposed by new environmental regulations, lawsuits against utility companies, multiple infrastructure failures, and a compliant CPUC, electricity prices have never risen as fast and as far. And that trend is not expected to change at any time in the near future.

In the past it was unheard of to see electricity prices increase more than a few percentage points per year. However, now it is not unusual to see electricity prices jump double digits in a single year, as has happened many times in the past decade.

With utility companies being forced to spend billions of dollars on clean new power sources, and the CPUC’s liberal stance the pass-through of costs ranging from wildfire damages to lavish utility executive bonuses, those costs are being passed on to rate payers in the form of higher electricity rates. As a result, over 1,000,000 solar projects have been installed in California in just the past 10 years, hundreds of thousands of homeowners and business owners are making the move to generate their own clean power at a fraction of the cost by installing solar systems on their properties. Property owners can take advantage of available government incentives and generate their own clean power at a fraction of the cost of their local utility, and can typically break even on their solar systems in as little as 5 to 7 years. And with a service life of 30 to 40 years, that means decades of free electricity, and a return on investment not easily found elsewhere. Click here to schedule your free, no obligation consultation, and see how much money you can save.