We found the article below (courtesy LA Times) very interesting especially for those interested in purchasing solar systems. Recently, the City of Los Angeles increased electric rates to fund renewable energy projects. This means higher electric bills for local businesses and homeowners making renewable energy projects like solar systems more attractive.
L.A. mayor gets his “green energy” rate hikes
Mayor Antonio Villaraigosa scored a partial political victory Tuesday when the Los Angeles City Council approved utility rate increases of 4.5% to 6%.
The mayor has said the added revenue will help the Department of Water and Power move away from polluting coal-fired power plants to renewable fuels. The Water and Power Commission will have the last say on the rate hikes, which were about 25% lower than what Villaraigosa had proposed.
Read more here.
Photo: Utah’s coal-fired Intermountain Power Project is the single biggest source of power for the Los Angeles Department of Water and Power. Credit: LADWP
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