Starting in September utility bills are set to rise for San Diego residents with a four-year rate increase totalling more than $500 million for customers of SDG&E. Due to this, a typical household will see monthly gas and electric bills rise over 13%. This means that a bill of $150/month will increase in excess of $170/month.
The hike will be collected retroactively, so many bills will rise by more than this percentage to catch up. Subsequent annual increases of nearly 3% will be tied to the urban Consumer Price Index along with additional costs passed along to residential customers, including $161 million for SONGS (San Onofre Nuclear Generating Station).
With utility bills on the rise, there’s never been a better time to stop giving your money to SDG&E. One of the strongest alternatives for home-owners is solar power- actually costing less than utility power while being as accessible as ever with an abundance of financing options available.
- Home equity loans
- Re-financing your home
- The new Stellar Solar Loan program
- San Diego Metropolitan Credit Union…Stellar is part of their solar loan program
with great rates - Navy Federal Credit Union’s Shares Secured Loan offers rates under 3%.
- SunPower Solar Lease…go solar with no money out of pocket
- Cash purchase…solar has never been more affordable
