California's electricity rates are skyrocketing, concerning the viability of solar power amid a potential solar company bankruptcy. Despite significant growth in solar deployments, rising costs raise questions about savings from solar energy. The California Public Utilities Commission is under pressure as solar owners face scrutiny for increasing rates for non-solar customers. The effectiveness of solar panels in lowering energy bills remains a topic of debate, influenced by local compensation policies that vary in effectiveness and fairness.
California's soaring electricity rates and a major solar company's possible bankruptcy are raising tough questions about solar power's future.
Solar deployments have grown by an annual rate of 26%, but the recent developments have left many wondering if solar power is still a safe bet.
While solar panels can lower energy bills, the potential savings depend heavily on local compensation rules for solar power sales back to the grid.
Governor Newsom and allies claim solar owners are responsible for increasing electricity rates for non-solar users in California.
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