30% ITC Now For Homes!

The Federal Government has extended the 30% Investment Tax Credit and starting in 2009, homes will not be capped at $2,000. That means a $20,000 solar system, and this is on top of the California State rebate, will be eligible for a $6,000 Federal Tax Credit!

Previously, only businesses could take advantage of a full 30% Federal ITC without the $2,000 cap that residences were subject to. So, if the California State rebate amounts to close to 20%, and the 30% Federal ITC is added onto that, that's close to a 50% solar system rebate for any California home that has good sun exposure! That $20,000 solar system now costs closer to $10,000!!

Suddenly the return on investment is years less than it used to be, ie; twelve years becomes closer to eight years. That's a big difference! If you were to get a home equity loan for a solar system, the monthly payments would be significantly less.

Thomas Edison once said, "I'd put my money on the sun and solar energy. What a source of power! I hope we don't have to wait until oil and coal run out before we tackle that."

First Year of Solar!

We just received our PG&E bill showing how much we owe for our one year "true-up" period. The previous year, we paid $2664 for our electric power, or $222 per month. Our first year with solar shows a total electric consumption bill of $186! That's just $15.50 per month! There is an $8.00 monthly connection/net metering/Climate Smart(the latter is optional) fee, but that's still just $23.50 per month. Oh yeah, and I hear there is an environmental reason to go solar as well.

PG&E just raised rates for the higher electric power tiers(those families paying over $150 per month) by 6% today. That means Solar power just got less expensive than yesterday.

I am happy to say that our Solar power system has delivered everything we had hoped for. Everything our Solar power installer promised was true, and now with Solar lease plans, there is no reason why every family shouldn't go Solar! Our only regret is not doing it years ago!

Electric Rates to Go Up 15%!

I knew PG&E was planning to raise our electric rates by 5% in October, but now it turns out that is just part one. Part two is another 10% increase in January! That is a significant increase by any standard, but an unfortunate byproduct of the dependence upon natural gas and oil to generate electricity for those without clean solar power.

A 15% rise in electric rates translates to $20 or more for many families per month. Conversely, a family with solar power will be nowhere near as affected by utility company rate increases because of their decision to own rather than rent the majority of their power needs.

As electric rates climb, solar power becomes more and more practical and provides a higher, faster, return on investment. Families who currently use enough electricity to qualify for the higher rate tiers-pretty much anybody paying $150 or more per month-are actually paying more per kilowatt hour for a good percentage of their power than if they had invested in solar power. These higher rate tiers will continue to increase while solar system owners will have locked in their electric power costs for decades to come. For my wife and I, it's good to know there's one monthly expense we have some control over longterm.

Living With Solar--PG&E Owes Me Money

It's been a couple of months since I last blogged. Summer is here and so are peak time power rates. This means that PG&E pays three times as much for the power generated on our roof. May's electric bill was -$33.00, June, -$44.00! Yes, that's minus 33 and 44 dollars and this will continue throughout the summer!

We had estimated that at the end of our first year "true up" period with PG&E, we would owe about $600.00, based upon using 1000Kwh per month. However, after changing to CFL bulbs and being more aware of conserving electricity due to going solar, we have reduced our power consumption to 700Kwh hours per month. Bottom line is we expect to pay around $200 or less to PG&E for the whole year's electric bill! $200 is a whole lot better than the $2664.00 we used to pay annually to rent our electricity instead of own it. Multiply that savings over 30 or more years that our solar system will be generating clean power, even if utility rates stayed the same, and this adds up to serious savings!

Natural gas prices have climbed from $1.10 to $1.61 per therm from January to June, this is where most people's electricity comes from, so PG&E will be raising electric rates in October. We've already seen natural gas bills rise, just like gasoline keeps doing almost daily.

Electric rate hikes will have very little impact on our bill for the next 30+ years. When we buy our first electric car in a couple of years, charged by our solar system, we won't have to worry about ridiculous gas prices as much either. (Our solar system already recharges our Duffy electric boat.)

Meanwhile, in my neighborhood, besides one neighbor who went solar during our community program, I keep seeing people put in expensive paver driveways, new grass, fancy front doors and copper rain gutters, all of which look great, but these are often the same folks whose first question about solar power is, "what is the ROI?" I think I can safely say a lot better than that new driveway!

Solar For Free!!

SolarCity, our solar community program partner, has just announced a No Money Down lease program right on the heals of their new lease program that required a $2000 down payment. Now there is no upfront cost and the lease payment could be covered by the savings on your electricity from the clean solar power generated on your roof.

So, let's review, no money down, your lease payment is covered by your electric bill savings from day one. All maintenance is covered. Oh yeah, there are still two weeks left in the Foster City Solar Community Program to get in on the community discount. The only question left is, why wouldn't you go solar? By the way, my March electric bill was only $25--a long way down from the $222 I used to pay before going solar!

Click here for a San Jose Mercury News story about the no money down lease program.

Big News! Community Program Extended Due to New Lease Program!! Now Everybody Can Afford to Go Solar!!!

The Foster City Solar Community Program has been extended until April 30, due to a new solar lease program being announced today by SolarCity! The lease program offers Foster City residents the opportunity to go solar without the high up front costs of purchasing the equipment.

Now it is possible to go solar for a small down payment of $2000 and low monthly lease payment with the option to buy the equipment at the end of the lease, transfer it to the new owners of your home if you were to move, or just give back the equipment at the end of the lease.

The savings on your PG&E electric bill could pay for the lease payment, making your solar system cash flow neutral. Any maintenance is covered for the duration of the lease.

Please click on this link, SolarCity Lease Program, for more details.

Going solar in the month of April means taking advantage of the community program discount and being able to lease your solar system--energy independence is easier than ever before!

Only 10 Days Left, 5 Families Going Solar!

We're in the last days of the Foster City Solar Community Program, after March 31st it will cost more to go solar. I'm happy to say that 5 families have signed up to make a difference towards energy sustainability--that's more than half of all the people who went solar in Foster City in all of last year!

If you've been thinking about owning your electric power instead of renting it your whole life, if you want to do something that helps our future starting today, if you want to help protect yourself from rising energy costs, be ready when plug-in hybrids and all-electric cars arrive, and enhance the value of your home, this is the time to Go Solar!

Solar power is the only major home improvement item that makes money every day, it helps give you control of your own energy self-sufficiency and it just plain makes you feel good! Be part of the solution, Go Solar!!

Last Month for Solar Discounts!

We are less than a month away from the end of the Foster City Solar Community Program, the state rebate is going down soon and the solar purchase discount program will be over on March 31 for our city.

We just received our PG&E electric statement, the fourth month of going solar at our house. November through February electric charges have averaged $85 per month, that's down from an average of $222 per month prior to going solar. So, we have saved $137 per month in the worst winter months for sun! I'm really looking forward to the spring and summer months of sun, where we expect to save well over $150 per month, or a total of $2000 a year.....that's every year for the next 40 years or more, and only if electric rates stay the same as today--which of course won't happen. The reality is, we're going to save more and more money every year, this decade, the next decade and the next decade and beyond, because solar panels keep going and going and going, just like the Energizer Bunny makes power!

If you're spending $150 or more per month on electricity, you owe it to yourself, and your family to attend one of the last two free solar seminars, Wednesday, March 5 and Thursday, March 20. What have you got to lose, except our planet?

Only 45 Days Left!

Today's date means that there are only six weeks left for the Foster City solar purchase program discount. Furthermore, the state rebate is expected to be lowered sometime in March and this is the last year of the federal 30% ITC, which is why businesses are jumping on the solar bandwagon in 2008. I was just checking out the eBay campus--rooftop after rooftop of solar panels have just been installed there.

To date, only two FC homes have signed up to go solar, which isn't much, but to put it into perspective, there were only nine solar permits issued in Foster City in all of 2007. I've been monitoring other Bay Area solar community programs going on right now and am happy to say that they are doing very well with sign ups.

There are two dozen site evaluations scheduled in Foster City, many have already been completed, so I am hopeful of a more positive result for our city in the weeks ahead.

There are a couple of things we should all keep in mind--first, the time is past to be worried about aesthetics, our planet needs our help and solar panels look a lot better than wind turbines on our roofs. Second, comparing the cost of solar power to today's dirty energy rates from PG&E has little to do with the energy rate levels in the next three to five years and beyond. Power goes up every year, especially the higher tiers, which is a huge profit center for PG&E. The PUC seems to let them get away with charging whatever they want as a way to punish higher electric energy home users.

The cost for solar amortized by lifetime kWh generated is around 20 cents per. This compares favorably to the higher tiers that PG&E charges, which is more like 30 cents per kWh. The latter number will only be going up and historically, much faster than inflation. Solar power rates are locked in for 30 or more years, perfect for those expecting to be on a fixed income at retirement age.

If solar power didn't make longterm economic sense, it wouldn't be used in new, low income housing developments in cities such as Oakland. Or at the Oakland Zoo. Or at more and more schools and government buildings and factories.

I do not want to look a child in the eyes and tell them that I didn't give much thought to their time on our planet after I'm gone. Please consider solar power for their future.

Dirty Houses!

When people think about causes of pollution, usually the first thing that comes to mind is emissions from our cars. We know that burning gasoline is a big source of C02, but what about our homes?

Well, it turns out that our homes account for about half of our carbon footprint. Our electricity needs account for a large part of the C02 emissions in the air. 70% of U.S. electricity produced is derived from the burning of fossil fuels. Only 12% of the energy we get from PG&E comes from clean, renewable sources that don't impact the environment severely. Every time we turn on the coffee maker, flick on the light switch, watch the big plasma TV or run the microwave, we are using dirty power.

Solar power can make a big difference. We know that we need electricity, but why not harvest it right from our roofs? It's clean, local, low maintenance and even costs less per kilowatt hour than PG&E power when we are spending $150 per month or more on our power.

Many speak of energy sources such as coal and other fossil fuels as being inexpensive and plentiful. That sort of statement doesn't take into account the health costs of dirty air, the resources expended to mine and drill, refine, burn, generate and deliver these nonrenewable, polluting energy sources.

Our home's solar power system(see picture above) is expected to generate 8,300 kWh of electric power and provide a reduction of 6,700 lbs. of C02 emissions every year. That's just one house, one family. Imagine how much we could do if we all went solar!

Solar Goals for Our City

The Solar Community Program special purchase opportunity makes it more affordable for every Foster City home and business to go solar. SolarCity is only looking for 12-15 homes to go solar which represents about 50kW of installed solar power.

There are around 6,000 single family homes in our city. If 1% of these homes were to go solar, that would represent 60 homes. I think this is a very attainable goal. To put this into perspective, Mountain View has a 2% residential solar installation success rate after their popular solar community program completion last year.

Additionally, it is time for the City of Foster City to embrace solar power to set a positive example. The City would be making a great statement by simply having City Hall or the library go solar.

I also think that any new residential and business development should include some percentage of solar power. Now is the time for the new mixed-use residential/business re-development at the Lincoln Properties industrial park to go solar as well as our new downtown development, which include green building initiatives as part of its proposed plan.

If you think these goals make sense and are worth working towards, please let our city leaders know how you feel. You could also contact me and we could start a petition for the greening of city buildings and new developments. What do you say?

Does Solar Make Sense With Low Power Usage?

I am often asked how high one's electric bill should be before solar power starts to pay for itself. Typically, power consumption totaling $100 or more per month helps to speed up the return on investment and a solar system can actually make its monthly loan payment if financed due to the power generated and sent to the grid at peak time. As an example, I financed my solar system and pay around $150 per month to service the loan, which is how much on average I would be paying PG&E for renting my electricity. I'd rather invest in clean solar energy, get the tax breaks and protect myself from utility rate increases and add value to my home at resale. So, this means I am spending nothing more for having a solar system than I would already be spending to rent my power from PG&E--it's cash flow neutral.

What if your electric bill is only $50 per month? Congratulations! It will be harder for a solar system to pay for itself in the short term, but consider the following:

You will get state and federal tax incentives.

You will protect yourself from electric power rate increases.

You will be ready for the not too distant day when plug-in hybrid and electric cars arrive. If you were to purchase a car that requires battery charging, your power usage will go up, but your solar system will keep your electric bill down.

You will be able to consider going to a solar electric water heater and save money on natural gas, even electric heating will make more sense.

You will be helping your neighbors lower their carbon footprint with the unused power that you send to the grid.

Now is the best time to consider clean solar energy, rebates are still high from the state, but will be diminishing in a few months, the federal tax credit will be going away after this year and purchasing through the Solar Community Program, combined with the city, state and federal rebates/incentives, could yield a 35% + discount!

Solar Kids!

On Thursday, SolarCity presented a plaque to Mrs. Wong's third grade class for helping to persuade the city council to drop the solar permit fee, which was one of the highest in the state, a savings of several hundred dollars.

I was able to videotape the ceremony as well as interview some of the children from last year's third grade Foster City school's class. The experience was very fulfilling. Hearing the students talk about global warming and the benefits of solar power was very moving. The kids get it, whereas many adults are in denial. I feel blessed to be able to tell these kids story on videotape. Starting at the next free solar seminar, you will be able to see what these kids have to say about their future on this planet. Join us on Tuesday, January 22 at 7pm for this five minute video and the SolarCity presentation on the advantages of Solar Power. You can't afford not to!

First Free Solar Seminar Accomplished

Well, the first of five free solar seminars is done. We had a good turnout, with 24 attendees, most from Foster City, including Mayor Pam Frisella and Councilmember Linda Koelling, and Owain Chilton, member of Cool Cities Foster City.

I'd like to thank all who attended, our Solar Champions who helped get this program off the ground--Emil Michelotti, Owain Chilton, Marah Curry, and Alex Haines--by getting the word out by dropping flyers at homes, Mayor Frisella and Councilmember Koelling for their support of green initiatives, and the staff of SolarCity for putting on the presentation, Troy Pittock, our presenter, and Bruce Karney, the community programs director.

I learned a few things such as the state solar rebate will be diminishing probably in the March time frame due to the success of statewide solar installations. I had read previously that permits and rebate applications for solar installation in 2007 was 50% higher than in 2006.

I also learned that Foster City has an elevation of three feet. With the polar ice cap having melted 20% since 1979, that trend could have disastrous effects for our city if the seas rise a few feet in the coming decades.

Now is the right time to go solar. It's right for our planet, it's right financially--especially with the big Solar Community Program discount--it's what we owe our kids and their kids.

Going solar last year made so much sense for my wife and I. It was really simple, we could pay PG&E $150 per month, year after year to rent our power or we could take that same $150 and use it to pay off a loan for our solar system and get tax benefits, environmental benefits and feel good for doing it. Now, how's that new, fancy driveway with paving stones going to pay for itself every month? Besides, solar panels look pretty cool!

I look forward to seeing more of my neighbors at the next free solar seminar on Tuesday, January 22 at 7PM, Courtyard Marriott (across the street from Costco), Foster City.

In Search of Solar Saturation

It's Foster City's turn to go solar! January 15 marks the kick-off of the Foster City Solar Community Program, a green initiative to help residents learn about the benefits of clean solar power and have the chance to save 20% or more on solar power installation.

My name is Jeff Regan and I'm helping get this Solar Community Program going in my city. My wife and I went solar in October and now we'd like to see our neighbors do the same. It's really a great feeling to be able to do something positive for our planet without much if any sacrifice. Find out how below:

At 7pm, on January 15, we will, in partnership with Foster City based SolarCity, hold our first free Solar Seminar, one of five between the 15th of January and the end of February. Homeowners and businesses will have the chance to learn about the environmental and financial benefits of solar power. If they like what they hear, they can save a lot of money on solar installation, just as the residents of 15 other California cities have done already.

The seminars will be held on January 15, 22, and 29, as well as February 6 and 21. Such topics as time of use metering and selling power back to PG&E to pay for the solar system, as well as info on city, state and federal incentives and rebates will be covered. Pre-registration for the free solar seminars can be done at www.solarcity.com/events or by calling 1.888.SOL.CITY. The seminar venue is the Courtyard Marriott at 550 Shell Blvd. in Foster City.

All we need is for 12-15 homes or businesses to go solar and everybody saves money!

Solar power offers homeowners a way to invest in the future--it's a home upgrade that pays for itself while helping the environment. You could spend $20,000 on a new, fancy driveway that will pretty much just sit there, or you could spend the same amount of money and get rid of your electric bill, get tax benefits, protect yourself from energy rate increases and help save the environment. Try getting that new driveway to do that!

Why not do something for your kid's future and come to one of the free solar seminars?