California's Solar Could Make Traditional Utility Prices Soar

Californian, aka, The Golden State may soon fetch a lot more gold for the residents, as the US state will soon have a price hike for its electricity. This hike will reportedly be shared among the population of California.

The catch to this price hike for electricity, however, is that it will only be detrimental for those who consume the most power. This is just one of the ways the state power regulators of California plan to divide the load of the price hike among the Californians. So those who use little to no electricity need not worry too much about the hike. However, for a lot of people who are heavy power users, this could nearly double their expenses.

Estimate Cost Of Solar

Estimates predict that the cost hike in electricity will amount to as much as 80 percent more. As for the affected population, assessments put the number in at 9 million residents of California who are dependent on two of the state’s largest utilities, Pacific Gas and Electric Co. and Southern California Edison Co. Still, this number is quite significant and totals to about one-fourth of all the people of California.

As said above, the cost hike’s effect each household should be directly proportional to the amount of energy they consume. For the top consumers, however, they should expect an average additional expense of $85 per month. That number may still go higher or lower since it is just an estimate as well.

Regardless Of Price

Regardless, the plan is set in stone since it was approved 3-2 by the state Public Utilities Commission. Some prominent business executives and investigators such as David Marshall, chief financial officer at Gregg Industries, have stated that “This is probably the severest economic calamity the state has ever seen. It has got ramifications well beyond anything that we can begin to understand.”

Marshall’s remark on the matter seems to be the same with a lot of protesters regarding the price hike. A lot of them have also demonstrated a form of symbolic action in the way of wearing tombstone props which read “R.I.P. Affordable Energy.” This is despite the cost hike targeting only the biggest consumers.

With the approaching price hike for the whole state of California now just around the corner, now would then be a good time to look for alternatives. One such option would be solar panels which could ease the increasing cost of the utility electricity. Otherwise, residents of California may have to squeeze their belts for a more expensive stay in the state.

Just make sure, and promise us here at HahaSmart you will have a look at what we can offer you on the cost of solar panels and cost of solar installations. We will strive to find you the best prices available. Follow the solar experts. Try our price checker tool. It tells you how much solar power you need and how much you can save on your energy bills each month.

Please visit our solar blog to find out more about the benefits of going solar.