Much to the chagrin of California’s three public utilities companies, residential solar is booming

By Roy L. Hales

Reprinted with permission from San Diego Loves Green; original published at http://www.sandiegolovesgreen.com/articles/energy/residential-solar-industry-booming/

January 15, 2013 (San Diego)--According to the Vote Solar Initiative, 1,400 megawatts (MW) of PV installations are now operating on the homes or businesses of 134,000 Californians. In a recent study, they conclude that, the benefits to ratepayers in SCE, PG&E, and SDG&E territories will be around  $92.2 million a year “by the time the state’s net metering program is fully subscribed at 5% of peak demand.” Two thirds of these installations are in low and median income neighbourhoods.