Fremont, CA

Understanding Fremont's Electricity Landscape

Fremont's electricity costs notably exceed the national average, emphasizing the importance of exploring alternative energy sources.

Average Monthly Electricity Expenditure in Fremont, CA: Approximately $253
Average Annual Electricity Cost: Around $3,040
Comparison with National Average: Approximately 73% higher than the U.S. average.
Average Electric Rate: 36 cents per kilowatt-hour (kWh).
Average Monthly Electricity Usage: 633 kWh (Annual Consumption of 7600 kWh divided by 12)
Annual Electricity Consumption: 7600 kWh

Eliminating Your Electricity Bill with Solar in Fremont

For Fremont residents, solar energy is a promising solution to significantly cut or eliminate electricity bills. Unique challenges like time-of-use rates and the lack of net metering in PG&E territories necessitate a custom approach. A typical Fremont home, using about 7600 kWh annually, would benefit from a 5.14 kW solar system with battery backup.

Past and Future PG&E Rate Increases

The past years have seen a consistent increase in PG&E rates:

Past 15 years: Average annual increase of 5%.
Past 10 years: Average annual increase of 7.3%.
Past 5 years: Average annual increase of 9.2%.

Future scheduled rates hikes:

13% rate hike on January 1, 2024 (Approved) [1]
20% increase in March 2024 [2]
34% rate hike at the beginning of 2026. [3]

Reports of deep-rooted conflicts of interest, as noted by Derek Seidman [4], reveal a grim scenario where increases in PG&E rates will be unrelenting and unchallenged rise for the foreseeable future.

Long-Term Solar Savings in Fremont

Solar energy in Fremont offers substantial long-term financial benefits. Without switching to solar, homeowners could end up paying a significant amount over 30 years.

Cost of doing nothing: Approximately $328,311 over 30 years.
Switch to Solar for Massive Savings: Post-rebate solar installation costs approximately $19,207, offering potential savings of over $289,664.
Boost Your Home's Value: Installing solar panels can significantly increase your property's market value.

Calculating Home Value Increase with Solar

Solar panels not only reduce energy costs but also boost property values.

Office of Energy Efficiency and Renewable Energy Method: A $4/Watt increase in home values is suggested. For a 5.14 kW system, this translates to a $20,560 increase in property value.
Zillow Method: Generally, home values increase by about 4%.
Bundle Method: Considering the Total Cost of Ownership (TCO), this method suggests a home value increase of $60,800 over 20 years, taking into account the average annual electricity expense of $3,040 in Fremont, CA.

The Environmental Impact of Solar Power in Fremont

Choosing solar energy in Fremont has significant environmental benefits. Over 30 years, a standard solar system can:

CO2 Offset: Reduce CO2 emissions by approximately 538,400 pounds. (Annual Consumption of 7600 kWh multiplied by 7.09 × 10^-4 metric tons of CO2 per kWh)
Equivalent to Miles Not Driven: Around 607,000 miles.
Trees Grown for 10 Years: Equivalent to growing about 4,050 tree seedlings.
Coal Saved: About 270,000 pounds.

The Future of Solar Power in Fremont

In Fremont, solar power is not only an environmentally responsible decision but also a financially wise one. With the potential for substantial savings and increases in property value, homeowners stand to benefit greatly from adopting solar energy.

Join Fremont's Renewable Energy Movement with Bundle, A Solar Company

Discover solar options for your home with Bundle, A Solar Company, and become part of Fremont's sustainable future.

Sources:

[1] ABC10 [2] ABC7 News [3] CPUC [4] ReadSludge [5] Office of Energy Efficiency and Renewable Energy [6] Zillow [7] EPA

Zip Codes:

94536 94537 94538 94539 94555