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Would higher power rates make solar more appealing?

March 24, 2010 |  7:22 am

For those of you contemplating the switch to solar, Michelle Hofmann reports on The Times' Money & Company blog:

A plan unveiled [March 15] by Mayor Antonio Villaraigosa proposing a $2.50-per-month rate hike as of April 1 for Los Angeles Department of Water and Power energy consumers could result in electric bills rising 8.8% to 28.4% over the next year. Although some customers will turn off the lights and hope for the best, an increasing number of Southland homeowners are insulating themselves against rising costs with green options.

To see scenarios of how the investment in photovoltaic panels could play out, read Hofmann's post.

-- Craig Nakano

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Photo: Solar panels shade the windows of a Venice home. Credit: Rick Loomis / Los Angeles Times