Damn, My power bill jumped
- Thread starter WarDaddy
- Start date
evolution8888
Member
Gotta watch the generation charges too when you go over your alloted limit....that's what kills you everytime...
Hurgoth
Active member
Purchase a Photovoltaic system for your roof. Not only will it get rid of your electric bill, roughly half of the cost of the system is subsidized by the state. In addition, you get a 10% (soon to be 30%) federal credit based on the purchase price of the system, and a 7.5% state tax credit. The credits can be carried forward for 10 years if you do not use them. The panels are typically covered by a 20 year warranty.
If you are a business owner (LFS perhaps?) you could potentially depreciate the net cost of the system over 5 years. Of course, the cost of the system would probably run $15k or so for a residential property, but hey, some peeps here might be able to afford it.
If you are a business owner (LFS perhaps?) you could potentially depreciate the net cost of the system over 5 years. Of course, the cost of the system would probably run $15k or so for a residential property, but hey, some peeps here might be able to afford it.
NicoleC
New member
Most households break even on their monthly bills, or low-use households get a slight credit selling electricity back to the power grid. Trust me, the rates you sell power at are nowhere near the rates you pay to buy if you go over your capacity!
When in Sac, a friend put one in. SMUD has some major incentives for homeowners to do so; it only ended up costing her about $5k. However, since the cost was financed, it will end up costing her a lot more than that. She lived alone and was a very low-usage household, and most months made about $5 selling electricity back to SMUD.
It's a nice system -- you generate all or most of your own power while being on the grid for special events (guests, etc.) when you need more power. But you have to be in the house a LONG time to pay for the system.
If you are buying a house on an FHA program, you can usually install the system (and other energy saving features), roll it into your house payment, and not have it affect your LTV ratio.
When in Sac, a friend put one in. SMUD has some major incentives for homeowners to do so; it only ended up costing her about $5k. However, since the cost was financed, it will end up costing her a lot more than that. She lived alone and was a very low-usage household, and most months made about $5 selling electricity back to SMUD.
It's a nice system -- you generate all or most of your own power while being on the grid for special events (guests, etc.) when you need more power. But you have to be in the house a LONG time to pay for the system.
If you are buying a house on an FHA program, you can usually install the system (and other energy saving features), roll it into your house payment, and not have it affect your LTV ratio.
Depends on how they size it. It could cover your entire electrical bill, or just make it smaller. I had an electrician tell me, figure out your A/C, refrigerator, washer & dryer load and size it to cover that. Then your installation cost is much less, and your bill will be less.
NicoleC
New member
Info page from SCE:
http://www.sce.com/RebatesandSavings/SelfGenerationIncentiveProgram/
http://www.sce.com/RebatesandSavings/SelfGenerationIncentiveProgram/
Spartan081
Premium Member
Yup, my bill just went up 50%. I wonder if everyone on OC got hit or just certain people.
