Soon everyone will be an electric company

Jul 5, 2014 Full story: MarketWatch 7

In the not-too-distant future, everyone could be an electric company, selling power into the grid just like the owners of giant generating plants.

Full Story

La Quinta, CA

#1 Jul 5, 2014
"Sunnyvale, Calif., resident Louis Gray installed Sunrun panels on his family’s home in March. Instead of paying by the month, Gray opted to pay $17,000 up front for a 20-year lease. Sunrun installed, owns and maintains the system. Gray’s bill from PG&E, the local electric utility, has dropped from $200 to $300 a month to about $20. "

"“We estimate we will save $60,000 in the 20 years,” said Gray, who is married and has three children.“It’s probably the best decision we’ve made all year financially. There’s only so many ways you can take costs out [of your budget] every month, and this has been a great one.” "

He could have kept that 17K in the bank at a whopping 0.5 to 1% interest. So, he's saving $180 to $280 a month on average, a sight more than the bank will pay in interest. Electricity rates have averaged a 1% increase each year for the last 30 years. Depending on what happens to KWh rates, the 60K estimate on savings may be low. Both PG&E and SCE have a tiered rate system. When they feel a need for more money, all they have to do is diddle the KWh rate per tier or the tier rate as a whole. Example, SCE is going to a 4 tiered index. They have increased the rate per KWh in the lowest tier from 13 cents to 16 cents per KWh. They also have decreased the amount of KWh in the lowest tier. SCE is also crying about the costs of decommissioning the San Onofre nuclear plant. They are saying they will need another 1.8 Billion dollars to do the job. Look for another increase in rates very soon.

La Quinta, CA

#3 Jul 6, 2014
Edwind wrote:
It's shocking that there is so much bull shit going around these days.
Yeah right troll. Get a little education so YOUR opinion is not riddled with B.S. that way you can be part of the solution instead of part of the problem.
Alison Young

Gold, India

#16 Aug 10, 2014
The system can store enough electricity to work like a backup generator and keep the lights on and fridge cold in a power outage or natural disaster.
Mike Honka

Capitola, CA

#17 Sunday Dec 28
Cumm for me

Providence, UT

#19 Monday Dec 29
The more competition the better.

Seattle, WA

#20 Friday Jan 2
$60K in savings sounds great!

Lots of profits to be made in solar.

San Francisco, CA

#23 Friday Jan 23
Solar B S plenty!

Tell me when this thread is updated:

Subscribe Now Add to my Tracker

Add your comments below

Characters left: 4000

Please note by submitting this form you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

Palo Alto Discussions

Title Updated Last By Comments
Ron Fleishman is the World's Most Underrated Ph... 10 hr Jody 50
annoying helicopter flying near fremont st and ... (Sep '08) 21 hr Markjewbook 17
I got the wife and mother I law I always wanted... 21 hr Markjewbook 2
24 7 emergency locksmith (Dec '11) Fri bobbyroosco 24
Pesticide fogging in large area of Sunnyvale ne... (May '14) Jan 23 Markjewbook 3
Awful humming/thrumming sound in the middle of ... (Jun '12) Jan 22 Markjewbook 36
Palo Alto Shoppers Concerned About Sidewalk Glass Jan 22 Markjewbook 2

Palo Alto News Video

Palo Alto Dating
Find my Match
More from around the web

Palo Alto People Search

Addresses and phone numbers for FREE

Personal Finance

Mortgages [ See current mortgage rates ]

NFL Latest News

Updated 5:39 am PST

NBC Sports 5:39AM
Raiders adding Sal Sunseri to defensive staff
NBC Sports 6:31 AM
Raiders hire Todd Downing as quarterbacks coach
NBC Sports 7:09 AM
Perry Fewell to interview for position coach job with 49ers
Yahoo! Sports 8:12 AM
The lure of LA for the NFL - mirage or 'must do'?
NBC Sports10:39 AM
Alleghany County sheriff: No conflict of interest with deputy working for Steelers