CALIFORNIA IS ONE OF THE WORLD LEADERS IN CLEAN ENERGY REVOLUTION
California is leading the way in Clean Energy Revolution.
The question is:
Are you part of this revolution, or you are still paying constantly increasing electrical, water and gas bills and continue to wonder, why are you paying so much money and what can you show for it at the end of each month?
Cool Remodeling YouTube® Video Library
© 2024 Copyright Owned By The Video Publisher
CALIFORNIA ENERGY COMMISSION
The California Energy Commission was established in 1974 as the state's primary energy policy and planning agency. This organization is committed to reducing energy costs and environmental impacts of energy use while ensuring a safe, resilient, and reliable supply of energy.
California Energy Commission Tracking Report will provide you with updated information about the progress in Renewable Energy in California.
Cool Remodeling YouTube® Video Library
© 2024 Copyright Owned By The Video Publisher
CALIFORNIA WILL REQUIRE SOLAR POWER FOR NEW HOMES
According to CNN, the California Energy Commission was first in the U.S. to adopt standards requiring solar systems for new homes. This will enable California to lead the way in the Clean Energy Revolution.
Cool Remodeling YouTube® Video Library
© 2024 Copyright Owned By The Video Publisher
THE COST OF ELECTRICITY
IN CALIFORNIA AND THE U.S.
According to U.S. Energy Information Administration (EIA):
The Cost Of Electricity in California rose by five times more than in the rest of the United States.
The cost of electricity in California is not only substantially higher than the average cost in the U.S., but this trend is expected to continue well into the future because of additional demands for energy in the marketplace.
In the San Francisco Bay Area, for example:
- The Average Price Of Electricity Increase: 12.6% Per Year or total increase of 38% (from 0.229 to 0.317 $/kWh) during a three-year period between 2020 – 2023.
- The Average Price Of Natural Gas Increase: 28.6% Per Year or total increase of 86% (from 1.44 to 2.68 $/therm) during the same period.
Change in cost of electricity and natural gas in San Francisco Bay Area since January
2020.
Data from Bureau of Labor Statistics.
Source: Farzan Kazemifar, Professor San Jose State University And Energy Consultant
© 2024 Farzan Kazemifar and San Jose State University. All rights reserved.
Cool Remodeling YouTube® Video Library
© 2024 Copyright Owned By The Video Publisher
WHAT ARE YOU DOING ABOUT THE RISING
COST OF
ELECTRICITY, WATER AND GAS?
You probably wonder:
Why are we paying so much for our electricity, water and gas month after month, year after year, while it is not going down and there is nothing to show for it?
Instead, our bills are going up and up and up….and we don’t see any light at the end of the tunnel.
The Big Question is:
What Are We Really Going To Do About This?
Cool Remodeling YouTube® Video Library
© 2024 Copyright Owned By The Video Publisher
NET ENERGY METERING IN CALIFORNIA
Net Energy Metering, or "NEM", is a special billing method that was introduced by the California Public Utilities Commission (CPUC). This method was originally designed to provide credit to customers with solar PV systems for the full retail value of the electricity their system generates. Under NEM, the customer's electric meter keeps track of how much electricity is consumed by the customer, and how much excess electricity is generated by the system and sent back into the electric utility grid.
NET ENERGY METERING – THREE METHODS
- NEM 1.0.
The first Net Metering method, called NEM 1.0, was introduced by CPUC in 1996. Based on this method, the customer must pay only for the net amount of electricity used from the utility over-and-above the amount of electricity generated by their solar system (in addition to monthly customer transmission, distribution, and meter service charges they incur) over a 12-month period. - NEM 2.0
The NEM 2.0 method later replaced the NEM 1.0 method. Based on this method, utility companies could impose limits on the amount of energy that homeowners could send back to the grid under NEM 2.0. In the event of a new NEM tariff, the NEM 2.0 customers are grandfathered to their tariff for 20 years from their PTO (Power-Turn-On) date. The 20-year NEM tariff grandfathering did not include grandfathering the customers’ Time-of-Use rates. To participate in NEM 2.0, customers must have a compatible meter, such as a SMART meter. - NEM 3.0
The NEM 3.0 method subsequently replaced the NEM 2.0 method in California and went into effect in April 2023.
HOW NET METERING REALLY WORKS?
- Your solar PV panels on the roof convert the energy from the sun into DC (direct current) electricity.
- Inverter, which is an integral part of your solar PV system, converts the DC electricity into AC electricity (alternate current).
- You use the AC electricity in your house for all appliances.
- The unused portion of the AC electricity is transferred via your electrical meter into the electrical grid and you receive a credit on your account.
- Later, when you use electricity from the grid, the credit on your account will apply first, and you will only pay for the difference, i.e. the net amount. For this reason, this process is called Net Metering.
Cool Remodeling YouTube® Video Library
© 2024 Copyright Owned By The Video Publisher
NET ENERGY METERING BENEFITS
Net Energy Metering is a gateway for optimizing the rate of return on a solar investment and it offers the following benefits:
- Allows some customers to zero-out their bills.
- Credits some customer accounts at full retail rates.
- Accurately captures energy generated and consumed, providing customers with annual performance data.
- Converts solar generation into power bill savings.
- Makes home solar systems more affordable.
- Reduces transmission costs for utility companies.
Without net metering, customers may save only the value of solar electricity they directly consume. Learn more online at:
Cool Remodeling YouTube® Video Library
© 2024 Copyright Owned By The Video Publisher
CALIFORNIA INTRODUCES NET ENERGY METERING 3.0
The California Public Utilities Commission (CPUC) regulates all aspects related to the Net Metering Program in California. Recently, CPUC introduced Net Energy Metering 3.0 Or NEM 3.0 Tariff in California which dramatically reduces the value of solar energy for residential solar customers. The NEM 3.0 changes went into effect on April 15, 2023.
- NEM 3.0 reduces the export rate for residential solar electricity by around 75%, from an average of 30 cents per kWh to 8 cents per kWh. Lower export prices will increase the payback period for solar owners under NEM 3.0 and decrease the overall savings.
- Based on NEM 3.0, a solar system still remains a financially viable option for homeowners. The savings won't be the same as your neighbor's system that was grandfathered into NEM 2.0, but a home solar system is still far more affordable than buying utility electricity in California
- While your payback period for a solar-plus-storage system may still be higher under NEM 3.0 than under NEM 2.0, it's now less than if you install solar. This means that under NEM 3.0, you'll save the most over your solar energy system's lifetime if you add a battery.
Cool Remodeling YouTube® Video Library
© 2024 Copyright Owned By The Video Publisher
COMPARISON BETWEEN NEM 1.0 - NEM 2.0 - NEM 3.0
- NEM 1.0
NEM 1.0 is known as the “original net metering” version. Under NEM 1.0, homeowners with solar panels could send excess energy back to the grid and receive credits at the retail rate, which is the same rate they pay the utility company for energy. This effectively allowed homeowners to “sell” their excess energy back to the utility company. - NEM 2.0
NEM 2.0 is known as the “modified net metering” version. Utility companies could impose limits on the amount of energy that homeowners could send back to the grid under NEM 2.0. This was done to keep the grid from becoming overcrowded and to keep the utility company profitable. However, homeowners could still receive retail-rate credits for the energy they returned to the grid. - NEM 3.0
NEM 3.0 is known as “successor net metering,” is the system’s most recent version. Utility companies now have more leeway in how they compensate homeowners for the energy they send back to the grid under NEM 3.0. Offering credits at a lower rate than the retail rate or requiring homeowners to pay a fee to send energy back to the grid could be examples of this.
FINAL ANALYSIS
- NEM 1.0 is most beneficial to homeowners, while NEM 3.0 is most beneficial to utility companies.
- NEM 2.0 is a middle ground between the two.
- Homeowners should be aware of their state’s net metering policies, as they can significantly affect the financial returns of a solar panel installation.
Cool Remodeling YouTube® Video Library
© 2024 Copyright Owned By The Video Publisher
DO YOU RECOGNIZE YOUR UTILITY COMPANY?
Cool Remodeling YouTube® Video Library
© 2024 Copyright Owned By The Video Publisher
HAVE YOU SEEN YOUR
ELECTRICAL BILL LATELY?
Did you receive a mild “shock” from your recent Electrical Bill?
If so, did it look anything like this?
Cool Remodeling YouTube® Video Library
© 2024 Copyright Owned By The Video Publisher
HOW MUCH DO YOU PAY FOR YOUR ELECTRICITY?
Do you realize that when you use more Electricity, you are being charged a higher rate? For example, a bill from Southern California Edison®, or SCE, will limit your use for low electricity rate, based on a few hundred Kilowatt-Hours or kWh you use every month. Once you exceed that limit, SCE will charge you a higher rate based on a Tiered Rate Plan.
Important Note: A Kilowatt Hour (kWh) is a measure of energy. So, a 1,000-watt drill needs 1,000 watts (1 kW) of power to make it work and uses 1 kWh of energy in an hour. That's why, if you leave a TV or computer on standby, it is still using power and creating a kWh cost on your energy bill.
Cool Remodeling YouTube® Video Library
© 2024 Copyright Owned By The Video Publisher
EDISON® RESIDENTIAL RATES PLANS © 2024 Southern California Edison®
Southern California Edison® or (SCE) currently offers the following two distinct Rate Plan Options for residents in Southern California. Do you know which Rate Plan Option are you on?
OPTION 1
TIERED RATE PLAN
- This is a traditional billing plan.
- You pay a single rate per kWh for a “baseline” amount of energy used each month.
- Once your baseline kWh limit is used, you will pay a higher rate per kWh.
- A high usage charge may also apply.
OPTION 2
TIME-OF-USE (TOU) PLAN
- TOU Plans feauture different rates based on the time of day when electricity is used.
- Electricity rates are lower during the night time and on the weekends, but go up during the peak hours of the day when energy resources are in higher demand.
Cool Remodeling YouTube® Video Library
© 2024 Copyright Owned By The Video Publisher
TIME-OF-USE RATES © 2024 Southern California Edison®
Are you familiar with the Time-Of-Use Rates? You are invited to visit Edison® website and learn about six specific Residential Time-Of-Use (TOU) Rate Plans.
Edison® have also developed 16 Baseline Regions throughout the Southern California. Do you know what region are you in? This will also make a difference in your electricity costs.
Cool Remodeling YouTube® Video Library
© 2024 Copyright Owned By The Video Publisher
HOW MUCH ARE YOU REALLY PAYING FOR YOUR ELECTRICITY?
The answer to this question will depend upon several factors and then get ready to be shocked:
- Your Average Monthly Bill – your bill can be anywhere between $100 to $1,000 per month and more.
- Electricity kWh Rate – your average electricity kWh rate will increase gradually from low usage to high usage.
- Annual Electricity Cost Escalation – an average electricity cost escalation is about 5 - 8 percent per year.
- Period Of Time – you can see your actual costs over a period of between 1 to 25 years shown below.
YOUR CUMULATIVE ELECTRICITY COST ($) AT 6% ANNUAL COST ESCALATION
| Monthly Bill | $100/M | 200/M | 300/M | 400/M | 500/M | 600/M | 700/M | 800/M | 900/M | 1,000/M |
|---|---|---|---|---|---|---|---|---|---|---|
| Year | 21¢/kWh | 22¢/kWh | 23¢/kWh | 24¢/kWh | 25¢/kWh | 26¢/kWh | 27¢/kWh | 28¢/kWh | 29¢/kWh | 30¢/kWh |
| 1 | 1,200 | 2,400 | 3,600 | 4,800 | 6,000 | 7,200 | 8,400 | 9,600 | 10,800 | 12,000 |
| 5 | 6,764 | 13,528 | 20,292 | 27,056 | 33,820 | 40,584 | 47,348 | 54,112 | 60,876 | 67,640 |
| 10 | 15,815 | 31,630 | 47,445 | 63,260 | 79,075 | 94,890 | 110,705 | 126,520 | 142,335 | 158,150 |
| 15 | 27,928 | 55,856 | 83,784 | 111,712 | 139,640 | 167,568 | 195,496 | 223,424 | 251,352 | 279,280 |
| 20 | 44,138 | 88,276 | 132,414 | 176,552 | 229,690 | 264,828 | 308,966 | 353,104 | 397,242 | 441,380 |
| 25 | 65,830 | 131,660 | 197,490 | 263,320 | 329,150 | 394,980 | 460,810 | 526,640 | 592,470 | 658,300 |
For example, if you are paying on average only $100 per month – this will accumulate to about $65,830 over a 25-year period.
An average family of three in California pays between $200/month to $300/month which means that the average cost of electricity in California is between $131,660 to $197,490 over a 25-year period.
So, if this does not shock you, nothing else probably will.
You certainly owe this to yourself to check your own numbers before you will decide whether you should join the Clean Energy Revolution.
Cool Remodeling YouTube® Video Library
© 2024 Copyright Owned By The Video Publisher
HAVE YOU EVER TRIED TO SKIP
PAYING YOUR ELECTRICAL BILL?
Sometimes you probably feel frustrated that your utility company is increasing its electricity, water and gas rates by about five to eight percent every year and you are totally helpless to stop this process.
Just try not to pay your utility bill for one month and you will quickly find out what happens.
You will probably not be too excited when the lights are off, unless you have boxes of candles in your garage.
Cool Remodeling YouTube® Video Library
© 2024 Copyright Owned By The Video Publisher
LET’S SOLVE THE RISING COST OF ELECTRICITY, WATER AND GAS TOGETHER
Our Energy Efficiency Experts will not only complete your Free Home Energy Efficiency Evaluation Report, but together with you they will also:
- Evaluate The Reasons for your high utility bills.
- Develop A Plan Of Action to minimize your utility bills.
- Find Most Cost-Effective Solutions to minimize the cost of your electricity, water and gas bills by re-allocating your current resources, which you already spend by paying your bills to your “favorite” utility companies.
Since you are already paying high utility bills, you should be asking yourself the following Questions:
- Should I continue paying for constantly increasing utility costs and showing nothing in return?
- Or, should I rather re-allocate a portion of these payments and invest in home energy efficiency products which will produce immediate savings and substantially reduce my future utility bills?
- Can I spend my money wiser and produce tangible results for my family instead of paying for high bonuses to utility company’s executives?
Cool Remodeling YouTube® Video Library
© 2024 Copyright Owned By The Video Publisher
WHAT IS COOL REMODELING TM?
Cool Remodeling TM is a team of professional home energy efficiency, water efficiency, and renewable energy experts, who are passionate about Clean Energy Revolution and fully committed to inform and help homeowners, like you, to identify and reduce high electricity, water, and gas costs in light of continuously rising utility prices in California.
Our team of Home Energy Efficiency Experts includes contractors who are licensed by the California State License Board (CSLB). We have been working with homeowners and business owners in Southern California for many years and offer excellent experience, reliability and total commitment to achieve superior results.
Cool Remodeling YouTube® Video Library
© 2024 Copyright Owned By The Video Publisher
YOUR ELECTRICAL, WATER AND GAS BILLS
Our Energy Efficiency Experts will take a Comprehensive Home Energy Efficiency Approach designed to:
- Examine your electricity, water, and gas bills.
- Find the reasons why your utility bills are so high.
- Develop a plan of action to reduce your home’s energy, water, and gas bills.
- Use the industry's most advanced and highly-rated clean energy and renewable energy solutions.
- Maximize the comfort for you and your entire family.
- Maximize your savings and return on your investment.
- Increase the value of your property.
Cool Remodeling YouTube® Video Library
© 2024 Copyright Owned By The Video Publisher
ENERGY EFFICIENT PRODUCTS
Our Energy Efficiency Experts will introduce you to a broad range of High Energy Efficiency Products designed to maximize your family savings and comfort while minimizing the cost of your long-term electricity, water and gas.
Once you will get a good idea how you and your family can benefit from each product, our experts will narrow down the Best Possible Product Options to choose from and you will decide which option will best meet your specific needs.
Finally, only when you are ready, our experts will be available to help you implement the best Plan Of Action for you, your family and your home.
Upon completion of this proven and cost-effective process, you will be left with only one question:
How much money would we have saved if we had done Home Energy Efficiency Evaluation five years ago?
Learn more about the Free Membership in the Cool Remodeling Club TM.
Cool Remodeling YouTube® Video Library
© 2024 Copyright Owned By The Video Publisher
FINANCING OPTIONS FOR YOUR HOME ENERGY EFFICIENCY IMPROVEMENT PROJECTS
Once you decide to move forward with any type of a home energy improvement project, we will introduce you to the most suitable Financing Options in accordance with your specific needs. These options may include:
- No interest and no payment financing* for one year.
- Low payment options* with low interest rates.
- Secured* and unsecured financing loans.
* Subject to OAC (on approved credit).
Contact Us Today To Find Out Which Financing Option Will Be The Best One For You.
MEET SOLLY THE SEAL
Just in case you did not meet him yet, we would like to introduce you to Solly The Seal who is a very important member of the Cool Remodeling TM management team.
Solly’s main job is to approve all home energy efficiency products and provide his Seal of Approval.
WE ONLY WORK WITH ORGANIZATIONS AND BRANDS APPROVED BY SOLLY THE SEAL
CSLB License No. 1085276
Address
Cool Remodeling, Inc.
1223 Wilshire Blvd. #172
Santa Monica, CA 90403
Phone
