San Lorenzo, CA
San Lorenzo's Electricity Context
The cost of electricity in San Lorenzo significantly surpasses the national average, indicating a pressing need for renewable energy solutions.
- Average Monthly Electricity Expenditure in San Lorenzo, CA: Approximately $266.
- Average Annual Electricity Cost: About $3,194.
- Comparison with National Average: Nearly 73% higher than the U.S. average.
- Average Electric Rate: 36 cents per kilowatt-hour (kWh).
- Average Monthly Electricity Usage: 665 kWh.
- Annual Electricity Consumption: 7985 kWh.
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 Economic Benefits of Solar in San Lorenzo
The financial advantages of solar energy for San Lorenzo homeowners are significant and long-term:
- Cost of Not Going Solar: Approximately $344,935 over 30 years.
- Significant Savings with Solar: After rebates, the cost of solar installation is around $19,799, offering potential savings of over $305,696.
- Enhanced Property Value: Installing solar panels notably increases home market values.
Impact of Solar Panels on Home Value
Solar installations not only save on energy bills but also add value to properties.
- Office of Energy Efficiency and Renewable Energy Method: Predicts a potential increase of $21,600 in home value for a standard 5.4 kW system.
- Zillow Method: Indicates a general increase in home value by about 4%【6†source】.
- Bundle Method: Considers the broad financial view of homebuyers, including mortgage, energy costs, and property taxes, projecting a home value increase of $78,960, reflecting the financial acumen of Bay Area homeowners.
Environmental Contributions of Solar Power in San Lorenzo
Adopting solar energy in San Lorenzo has significant environmental benefits:
- CO2 Offset Over 30 Years: Around 169.84 metric tons.
- Equivalent Miles Not Driven: Approximately 190,448 miles.
- Trees Grown for 10 Years: Equivalent to nurturing about 944 tree seedlings.
- Coal Saved Over 30 Years: About 190,448 pounds【7†source】.
San Lorenzo's Future with Solar Power
In conclusion, solar power in San Lorenzo is an environmentally responsible and financially smart choice. With potential for significant savings and property value enhancement, homeowners in San Lorenzo can greatly benefit from solar energy.
Join San Lorenzo's Renewable Energy Movement with Bundle, A Solar Company
Explore solar options for your home with Bundle, A Solar Company, and become a part of San Lorenzo'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:
94580
