this post was submitted on 13 Sep 2024
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California

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[–] MyOpinion@lemm.ee 7 points 1 month ago (1 children)

You normally have to own your home and it takes well over 10 years before you recover the cost of purchasing solar. Home ownership is out of reach for many in California.

[–] karpintero@lemmy.world 6 points 1 month ago

True, Net Metering 3.0 made paybacks longer, although if you apply your tax credits to your loan it's still reasonable. Though I'd point out that there's no break even point if you're just paying PG&E. With a solar loan, your payments are locked in vs subject to rate increases and after its paid off, you essentially eliminate your electric bill. I'm just speaking from personal experience though so YMMV.

I agree that housing affordability is difficult in CA and that renters have less options in this regard.