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We got a house in San Diego near the bottom of the last market (2012) and I was a medical resident at the time with two school age children. The previous owner
by killjoywashere 4y ago
We got a house in San Diego near the bottom of the last market (2012) and I was a medical resident at the time with two school age children. The previous owner had installed electric everything (even had to get a larger trunk line run and breaker panel). So our electric bill was a little nuts, randomly hitting tier 3 pricing and landing $350+ electric bills. For a household with negligible marginal income, that was unpleasant. We had 0 capital to play with but switching to solar was a no brainer. Even the lease is cheaper than paying PG&E.
Would I do it that way again? Probably not. But I have more wiggle room now.
- forbiddenlake 4y agoSo why wouldn't you get a lease now?
- Sohcahtoa82 4y agoA lease just doesn't make financial sense for a long-term (likely permanent) asset.
- foogazi 4y ago> Even the lease is cheaper than paying PG&E SDG&E provides electricity in San Diego
- killjoywashere 4y agoHah! Indeed. We moved to Mountain View and that property is now a rental. Point stands.
- inferiorhuman 4y ago> hitting tier 3 pricing and landing $350+ electric bills I just wanna chime in and add: PG&E got rid of the third tier (unsure when) and, in the Bay Area, we're looking at around $0.35-$0.40/kWh at the upper end of the rate schedule (plus an explosion in natural gas prices on the West Coast). $350+ electric bills are pretty much now the norm for anyone who wants to heat their house up much past 60°F.