Still on the Fence About Solar? Sweeping Changes Sought for Electricity Bills

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For most Californians, electricity could soon cost different amounts at different times of day.

And their utility bills could rise as a result.

California energy regulators have proposed a set of sweeping changes to the way most of the state’s residents pay for power. The current system, in which electricity prices are based on the amount used, would be fundamentally altered by 2018, under the proposal issued this week by the California Public Utilities Commission.

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Standard residential rates would vary by time of use, encouraging Californians to conserve during afternoons when demand on the state’s power grid hits its peak. State officials and energy economists have long pursued the idea, seeing it as a way to avoid building more power plants.

“The system is designed for the absolute maximum demand – and then some,” said James Fine, senior economist at the Environmental Defense Fund. “Having less demand for energy at those times really saves the system a lot of money.”

Under the commission’s proposal, homeowners and renters who prefer to stick with flat rates would still have that option. But the flat rates would change, with people using the least electricity paying more than they do today, while people who use the most would pay less.

read more at: http://www.sfgate.com/news/article/Sweeping-changes-sought-for-electricity-bills-5132820.php

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Is Going Solar an Investment?

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San Diego County is the hottest solar power market in the nation right now, with about 1,000 homes lighting up new systems each month.

Based on my hard-nosed analysis, solar is a fair-to-good investment for most homeowners who pay $175 or more each month on just the electricity portion of their bill from San Diego Gas & Electric Co.

Want to know if adds value to your home?  Contact the real estate appraisers at www.scappraisals.com ; they have the only qualified “green” appraisers in Southern California.

Definition of “good” is a return on my solar investment within shouting distance of 10 percent, given that cash pays a paltry 0.1 percent in a money market.

Like any investment, there are risks. In the case of home solar, the greatest risk is that state or federal policymakers will eventually reduce the financial incentives.

Of course, there are compelling environmental and national-security benefits that go beyond the risk-return trade-offs.

Once installed, solar provides decades of pollution-free power. Moreover, if you drive an electric car, you can take comfort that you’re not buying oil from anti-U.S. regimes.

read more at: http://www.utsandiego.com/news/2013/oct/17/is-going-solar-an-investment/

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New Home Prices Hit Record High

The median price for newly built single-family homes and condos in San Diego County shot up to a record high in December, while the number of new homes sold hit a record low for a December.

Last month, 284 new residences sold at a median $699,000, a 48 percent hike over the $473,250 median new home price in December 2012, when 419 new homes sold. The previous record for a median new home price was $553,000 in February 2008, when 330 units closed escrow, real estate tracker DataQuick reported Tuesday.

The new home sales may have skewed the data up due to a number of high-end closings scheduled to be on the books by the end of 2013.

“If builders are trying to get their business plan done by the end of the year, they may have phased in construction to close in December,” said Paul Barnes, president of Shea Homes San Diego, developer of various properties such as Civita in Mission Valley. “If a project is extremely high end and there’s not a lot of other competing activity you’ll get those aberrations.”

read more at: http://www.utsandiego.com/news/2014/jan/14/dataquick-construction-homes-realestate-housing/

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