Over 32,000 homeowners in the Southern California Edison territory have gone solar this year, and the vast majority are likely unaware of the financial impact they will experience due to Southern California Edison’s newly altered solar rates. A typical homeowner may lose thousands of dollars in savings over the lifetime of their solar power system if it is not designed to factor in the new solar rules and rates.
Under former solar rules, it was simple for solar companies to design a solar power system that resulted in a $0 bill for electric energy. A solar company looked at how much energy a household used on an annual basis and designed a solar power system to produce that same amount of energy per year, regardless of when the system produced energy or when the home consumed energy.
Since July 1, 2017, solar customers in the Southern California Edison (Edison) territory have been on new solar rules, which have forced all solar customers onto “time-of-use rates.” An in-depth analysis is now needed to design a solar power system because with time-of-use rates, Edison charges more for the electricity depending on when a home uses energy in a day, not just how much the home uses in a given month.