Close Menu
Invest Insider News
    Facebook X (Twitter) Instagram
    Monday, May 18
    Facebook X (Twitter) Instagram Pinterest Vimeo
    Invest Insider News
    • Home
    • Bitcoin
    • Commodities
    • Finance
    • Investing
    • Property
    • Stock Market
    • Utilities
    Invest Insider News
    Home»Utilities»California’s solar transition has left most renters behind
    Utilities

    California’s solar transition has left most renters behind

    August 13, 20243 Mins Read


    The Bay Area tops the list of U.S. regions grappling with soaring costs of living. While housing, food, childcare, and health care expenses have strained residents’ budgets for years, a new expense has emerged as a major issue: utility costs. PG&E electricity rates have skyrocketed by a staggering 63% in just three years, contributing to widespread struggles to make ends meet in one of the most expensive regions of the country.

    For homeowners, investing in clean energy technologies can provide crucial relief, reducing energy bills by more than $1,400 annually. But the nearly 50% of Bay Area residents who rent are left watching our meters spin and our bank accounts dwindle.

    Apartment dwellers have historically been left out of California’s solar transition — and a decision from the California Public Utilities Commission last year exacerbated the situation. We are dependent on our landlords to make the investment – and under the current policy, they have no incentive to do so.

    The good news? California Senate Bill 1374, introduced by Sen. Josh Becker from Silicon Valley, would help expand solar benefits to apartment buildings by aligning the financial interests of landlords with those of their tenants. This bill could unlock significant cost savings for renters — the very people who stand to benefit most from reduced energy bills.

    The current rules are fundamentally flawed. Landlords are arbitrarily prohibited from using solar on their apartment buildings to offset electricity use in common areas like hallways, elevators, or EV charging stations — spaces they’re responsible for powering. This begs the question: why would a property owner invest in solar if they are prohibited from reducing their electric bill?

    The consequences of this misguided policy are stark. Since the new rules went into effect, solar installations on multifamily buildings have dropped 94%. This represents a missed opportunity  for cleaner energy and lower utility costs for renters amidst an exploding utility bill affordability crisis. Renters living in apartment buildings with solar see significant bill savings compared to those who don’t.

    Apartment buildings aren’t the only properties disproportionately impacted by California’s new solar rules. Schools, farms, and places of worship also face barriers to investing in this clean energy technology. Under SB 3714, schools would immediately benefit by closing a loophole that prevents schools from leveraging solar across their campus. Farms, places of worship and other properties with multiple electricity meters could also benefit from the legislation, thanks to language that directs the California Public Utilities Commission to reevaluate their rules.

    As the fifth-largest economy in the world, California cannot justify leaving renters and other vulnerable communities behind. The state is facing an affordability crisis that directly impacts residents’ ability to meet basic needs. Skyrocketing utility costs have become an undeniable burden at kitchen tables across the state, where families are struggling to keep up. SB 1374 presents a pragmatic opportunity to ensure that all Californians, regardless of whether they own or rent homes, can benefit from solar energy. The time for action is now — our wallets and our planet cannot wait.

    Shanti Singh is the legislative and communications director at Tenants Together. Jeff Levin is the senior director of policy at East Bay Housing Organizations.

    Originally Published: August 13, 2024 at 5:30 a.m.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleStarbucks names Chipotle’s Brian Niccol as CEO; Chipotle stock tumbles By Investing.com
    Next Article Arabica Coffee Reverses Gains as Brazil Crop Avoids Frost So Far – BNN Bloomberg

    Related Posts

    Utilities

    Addressing underground threats to vital infrastructure – How modern ground strengthening solutions minimise disruption to utilities

    May 17, 2026
    Utilities

    Narberth Swimming Pool gets £1k from Wales & West Utilities

    May 14, 2026
    Utilities

    The Hidden Bottleneck Slowing DER Interconnection—and What Utilities Can Do About It

    May 13, 2026
    Leave A Reply Cancel Reply

    Top Posts

    How is the UK Commercial Property Market Performing?

    December 31, 2000

    How much are they in different states across the US?

    December 31, 2000

    A Guide To Becoming A Property Developer

    December 31, 2000
    Stay In Touch
    • Facebook
    • YouTube
    • TikTok
    • WhatsApp
    • Twitter
    • Instagram
    Latest Reviews
    Commodities

    Why global growth is tepid, but commodity prices remain high

    July 1, 2024
    Property

    Les actionnaires de Value and Indexed Property Income Trust approuvent la proposition relative au régime des FPI -Le 20 mars 2025 à 16:28

    March 20, 2025
    Property

    China Steps Up Property Market Support With Shanghai Easing

    August 24, 2025
    What's Hot

    Le principal actionnaire Stenhus procède à un achat mineur d’actions dans Backaheden

    May 22, 2025

    Bitcoin (BTC) ‘Basis Trade’ Unwind Led to Recent $4B ETF Outflows

    December 4, 2025

    Pi Network Price Outlook as Bitcoin Faces a Strong Sell-Off Below $80k

    February 4, 2026
    Most Popular

    How to invest in property: Here’s what you need to know – The Irish Times

    April 13, 2026

    Japan government is cooperating with BoJ, FSA to monitor stock markets, says finance minister Shun’ichi Suzuki

    August 5, 2024

    Among the Best US Stocks for Foreign Investors Right Now

    October 20, 2024
    Editor's Picks

    Blackrock CEO Larry Fink Says Bitcoin, Other Cryptos Have Bright Future Regardless Of Whether Trump Or Harris Becomes President – BlackRock (NYSE:BLK)

    October 15, 2024

    Palantir executive sells over $5.6 million in company stock By Investing.com

    August 15, 2024

    Bitcoin BTC USD worst month since 2022 explained: BTC USD price today drops to $65,000 level: Why is Bitcoin on track for its worst month since 2022 crypto crash?

    February 27, 2026
    Facebook X (Twitter) Instagram Pinterest Vimeo
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions
    © 2026 Invest Insider News

    Type above and press Enter to search. Press Esc to cancel.