Q.1: It sounds too good to be true. How can the PPA company guarantee $0.15/KWh?
A.1: The PPA is basing their rate on a reasonable rate of return for their investment over the life of the contract. Because solar maintenance costs are low and the energy is from the sun, the PPA company can provide electricity at a lower cost over time.
Q.2: I know someone with a rooftop PPA, and they got hit with a huge PG&E bill at the end of the year, something called a “true-up.” Will we get that too?
A.2: Yes, there is an annual “true-up” with PG&E. If any solar customer, PPA or not, uses more electricity than their solar system generates, they will owe PG&E at the end of the year.
Q.3: Great, so what is going to be my “true-up” and how will you determine it?
A.3: That is a great question. If TOCA members don’t use more electricity than typical, there won’t be a true-up.
In the event of a "true-up," your share will be calculated based on the amount of electricity you consume that exceeds the 12-month allowance of 7,500 KWh/year.ar. This allowance reflects the capacity of our permitted system and exceeds your existing PG&E annual allowance by 150%, which is 5,000 KWh. Note that members enrolled in medical or CARE programs with PG&E are exempt from true-ups, in accordance with PUC regulations. Your excess usage will be compared against the total excess usage of all TOCA members and TOCA common areas. All excess users, including TOCA common areas like the clubhouse, pool, and sewer pond, will share in the excess cost proportionally. While we hope for no “true-up” cost, TOCA cannot guarantee there will not be some level of true-up. You will still get the rest of your electricity at only $0.15/KWh, which is a huge savings throughout the year.
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