Solar power required for all new California homes on Jan. 1

submitted by Rose421 from mercurynews.com

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[–]Intuit 4 insightful - 5 fun4 insightful - 4 fun5 insightful - 5 fun -  (5 children)

If it really saves on utilities, the utility companies should install them for free and split the savings with the homeowner.

[–][deleted] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

Username checks out!

[–][deleted] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (3 children)

Well, that goes against their business model, because they'll sell less electricity that way.

[–]Intuit 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (2 children)

Install panels, charge homeowner monthly for electricity but at a lower rate. Power company makes more profit, homeowner has no uncertainties of investing in a solar system.

[–][deleted] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (1 child)

Oh, so you mean the customer can basically rent the solar panels?

[–]Intuit 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

Effectively yes, though the rate would vary based on customer usage so the customer isn't left paying money if they don't use enough electricity that month. The general point was that if it's profitable the power company can foot the risk and get some of the benefit.