FROM THE PUBLISHERS OF “Our Town-Our Paper” LAGUNA BEACH & NEWPORT BEACH COMMUNITIES CoastalRealEstateGuide.com MARCH 17 , 2017 | VOL. 7 , ISSUE 11 FEATURED PROPERTY: LAGUNA BEACH Hillside Aerie Overlooks Ocean A renovated North Laguna home perched on a hillside enjoys expansive city, canyon, and ocean views. French tile and wrought iron railings add drama to the entry of the three-bedroom, three-bath home. Its main level is dedicated to a master suite with a citrus-lined courtyard. Upstairs, the living and dining rooms open to a tiled veranda with ocean and downtown city lights views. It also features a family room, two additional bedrooms and baths and kitchen that opens on a courtyard. Other features include a wine refrigerator, built in coffee/espresso machine, hardwood wide plank floors, archways, and moldings. Offering price: $3,499,000 Address: 464 Hill St., Laguna Beach Agent info: Marcus Skenderian, The Skenderian Group 949-295-5758, Marcus@TheSkenderainGroup.com, Surterre Properties ONE ON ONE WITH DANIEL SULLIVAN Time for Solar By Gina Dostler Now is the time to go solar if Southern California Edison provides your electricity, according to Sullivan Solar owner-president Daniel Sullivan. Since SCE did not meet its goal of 5% solar installations, customers have until mid-April to sign up for a solar energy system before new rules take affect July 1. Q: How does net metering work? A: California’s Net Metering 1.0 was put in place to encourage homeowners to install and generate their own energy through solar power. It’s a billing arrangement that builds up credits through generating energy for the public power grid. The goal is to earn enough solar credits to offset 100% of the annual electrical charges. Net Metering 1.0 allows the homeowner to receive full retail credit for the energy put back on the grid. Hypothetically if the utility company charges .25 cents for energy used, it would credit .25 cents for excess energy put back onto the public grid. Q: How does Net Metering 2.0 differ? A: Net Metering 2.0 changes the solar billing structure. Instead of compensating through how much energy goes to the grid, it is structured on when the grid receives the energy. They call it time of use (TOU) rates. In addition, there is a $75 Southern California Edison grid connection fee and non-bypassable charges for the grid power consumed. For the typical solar customer, the non-bypassable charges will amount somewhere between $4,000 and $6,000 reduction in savings over the lifetime of the investment. Those in the Edison utility territory, who goes solar before rules change will see substantial savings and be grandfathered in the current rules. Those who wait will see fewer savings. But going solar will still be more attractive than SCE. Q: Why was SCE the only utility company in California not to reach its 5% threshold of installations? A: A number of reasons. Each county (Riverside, San Bernardino, Orange County, Los Angeles) has many cities, all with varying requirements for going solar. Some cities had made it very difficult to get a permit. Newport Beach was horrible, basically making the process a money-making machine to create more revenue for the city. But Newport Beach and other cities now have to comply with California law AB2188 that standardizes the procedure for solar permitting, Daniel Sullivan simplifying the process. Another reason for the lower amount of installations is SCE’s very cumbersome and even at times inept process with solar. They are not solar friendly in the least. For instance, SDG&E’s net-metering department was very proactive in simplifying solar interconnections, whereas SCE has often times served as an additional hurdle for consumers. Q: What financial options are there to help people go solar? Continued on page 2 ColdwellBankerHomes.com Dana Point, CA $2,099,000 Represented by: Annika Godfrey (949) 683-1809 ©2017 Coldwell Banker Real Estate LLC. All Rights Reserved. Owned By a Subsidiary of NRT LLC.