Showing posts with label Green Energy. Show all posts
Showing posts with label Green Energy. Show all posts

Friday, August 31, 2018

California Law Requires Majority Renewable Energy Sources by 2030


Image result for california energy commission solar panels

Energy efficiency is a popular topic around the world, especially when being discussed in relation to transportation and construction. The fact is, every time a new vehicle is produced or a new building is constructed, the total amount of energy usage in the world goes up. However, if engineers and designers are able to make the new products more energy-efficient than the ones they are replacing, then over time, energy consumption can realistically be reduced significantly. The main reason that many people oppose using "green" sources of power, like solar or wind, is that the types of equipment needed to produce and store renewable energy have very high initial costs when compared with non-renewable resources like gasoline and coal. Over time, the costs tend to be offset by lower electricity costs, but it can be difficult for a new homeowner to come up with an extra $10,000 or more to put up solar panels.

A law passed in California will make it so that new homeowners will no longer really have a choice on the matter. Surprisingly, the unanimous approval of the bill by the California Energy Commission was preceded by very little debate, which just goes to show how much of a priority clean energy is for Sacramento lawmakers. The new law now requires that, by 2030, over half of the energy used in the state will have to come from renewable resources (i.e. non-carbon fuels). Additionally, the electricity pricing scale in California is getting restructured over the next year. The new pricing is expected to adjust the rates based on what time of day electricity is being used. So, more energy-efficient homes (especially those with the capability of storing power) will be able to save money.

Even though California is already the country's leading state in terms of renewable energy sources like solar panels, solar power only provides about 16% of the state's total energy (significantly less than the future 50% requirement). In order to meet the expectations, builders/designers have two ways to incorporate solar power: they could design all new homes with solar panels on the roof, or they could design neighborhoods with a central hub of solar panels that can be used to supply power to all homes in the surrounding community. Analysts expect that the addition of solar panels to new construction houses will raise the price by at least $8,000. Although the electricity cost savings over years of solar panel usage will outweigh the extra cost over time, some homeowners might instead choose to "lease" the panels, by which they pay a monthly rate to use the solar panels instead of buying the panels outright.

There are other sources of green energy that don't involve solar panels, but many of them require a very large investment in local infrastructure. Generally, wind energy and nuclear power are difficult to collect on an individual basis. It's not like designers could realistically put up a wind turbine in every backyard. So, although the panels are costly and the technology still needs time to advance, solar energy seems to be the only way of accomplishing the legally-mandated goal by 2030 without having a private company take over the electricity grid. It's hard to tell what options will be cheaper in the long run, but for now, solar seems to be the safest bet.

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Friday, May 18, 2018

Washington D.C. Public Transit System Purchases Fleet of 14 Proterra Electric Buses



Technological innovations in this day and age, especially those in the realm of transportation, have been focusing more and more on green energy. From Tesla's cars to Nikola Corp's trucks, many companies are trying to steadily phase out the necessity of fossil fuels for long-distance travel. The problem with that goal is that, at the moment, green energy sources and vehicles that utilize those types of energy tend to be more expensive. To that end, the companies that focus on electric vehicles usually need some sort of governmental relationship to get off the ground. With Tesla, customers were able to get government rebates/subsidies after purchasing cars like Tesla's Model 3. According to Russ Mitchell's L.A. Times article, Proterra (a manufacturer of electric buses) sold 14 of its vehicles to the Washington, D.C., Circulator transit system earlier this month.

The complete cost of those buses was not reported, but Proterra's buses are known to cost somewhere between $700,000 and $900,000 each, so it's likely that this purchase cost D.C. quite a bit. On the one hand, spending millions of dollars on electric buses may seem exorbitant, but to another perspective, the fleet of buses serves to show millions of diplomats and tourists from around the world that the United States is working on developing technology with lower environmental impacts and better user experience. Though nearly a million dollars per bus is a lot of money, Washington D.C. gets tens of thousands of tourists each day who use the bus system to visit the various landmarks and museums.

Although Proterra is based out of Northern California, the company has a factory on each coast: one in the City of Industry, California, and the other in Greenville, South Carolina. The South Carolina plant has a perfect location to be accessible to the nation's capital, while the California plant is right in the center of all kinds of innovation going on in the state. The East Coast side of the business puts it in the view of politicians and lobbyists who make the decisions regarding public transportation around the country, and the West Coast side of the business has been able to draw from engineers and manufacturers already in the area for work in the aerospace industry.

Proterra doesn't have a monopoly on electric buses, though. California's plethora of skilled workers has made the Los Angeles area a hub for the development of electric buses and other such vehicles. Another company, called BYD, which is based out of China, has a factory in Lancaster. According to their own numbers, BYD has sold at least 722 buses, while Proterra has sold over 546. For such a pricey commodity, both companies seem to be doing relatively well in an industry that is fairly new. Even some universities are switching their bus systems to electric ones. There's no way to tell for sure, but it seems like the trend of electric buses could really take off throughout the nation in the near future.

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Friday, June 16, 2017

LADWP Pauses Planned Work on Natural Gas Power Plants in Favor of Green Alternatives



Energy is one of the most important commodities in this day and age. Whether it comes from fossil fuel, natural gas, or green sources, energy is a necessity in our increasingly technological world. Up until recently, California legislators had plans to build new natural gas power plants and renovate some older ones that run on fossil fuels. According to Ivan Penn's L.A. Times article, they are instead looking at other potential options for energy generation throughout the state.

Before this week, a $2.2 billion plan was in the works to fix up some older natural gas power plants and get them ready to produce electricity. The Los Angeles Department of Water and Power put that plan on pause while they look into green electricity alternatives. Among a few other reasons, this change in trajectory is likely due mainly to recent investigative journalism that found that California has an oversupply of electricity, which drove prices up instead of down as expected.

It is expected that by 2020, the state's power plants will be able to produce over 20% more electricity than is needed, which will lead to Californians being stuck with a $40 billion-per-year bill for energy they're not even using. Even after reducing energy usage and installing more energy-efficient appliances, Californians will still be paying almost $7 billion more for electricity than they did in 2008, the state's record high.

Now that the LADWP sees that generating more power from natural gas is not going to solve the problem, they have to turn to other alternatives. Because so much energy is produced that is not being used, it makes more sense to look at different ways of producing energy rather than methods of producing more energy. For example, many homes are beginning to install personal solar panels and batteries to store excess collected energy. Solar farms or wind turbines could be a potential source of green energy for the state.

No matter how the LADWP ends up generating the proper amount of electricity for the state, it seems clear that natural gas will not be invested in without a fight. It will be difficult to hide oversupply, especially if the excess energy comes from sources that are not environmentally friendly. Legislators hope to have California 100% reliant on renewable energy by 2045. This is just the first step, but with enough work, it could be a feasible goal.

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Friday, April 21, 2017

LA County to Offer Lower Utilities Rates Through Community Choice Aggregation Programs



In this day and age, as technology continues to advance and resources are stretched thin, energy sources are often on the mind of the common consumer and government entities. Electricity rates have been going up, and even as we search for alternative, green energy options, it can be difficult to make those options affordable. Fortunately, earlier this week, the L.A. County Board of Supervisors approved a public energy program that gives Southern California Edison customers an alternative, government-backed energy source to purchase from. According to Ivan Penn and Nina Agrawal's article in the L.A. Times, the public energy program is expected to lower individual costs by around 5% and is open to residences and businesses alike.

Not only will the energy program be providing power to customers at a lower cost, it will also be focusing on green energy sources. The county will be able to purchase energy from the market and invest in solar energy projects. Because the community choice aggregation (CCA) programs are government entities, they aren't allowed to make a profit on customer rates, which means they will charge the bare minimum to break even. This is very different from companies like Southern California Edison and Pacific Gas & Electric Co., who can charge however much they want.

Hundreds of thousands of homes and businesses in the L.A. County will be able to enroll in the new CCA program, and many people in other counties could be allowed to as well, depending on local regulations. This new energy plan is expected to revamp the entire electricity industry. Private companies will be forced to find ways to lower prices and bring in green energy sources in order to compete with the government entity. Competition tends to drive down prices and drive up demand, so everyone should be happy in the long run. Some private electricity companies worry that the long-term implications of this project remain to be seen and that we should take things slow before rushing into anything.

All in all, CCA programs seem almost too good to be true. A government program that lowers rates and improves the usage of green energy sources seems like a pipe dream. Yet, with proper planning and careful budgeting, it could work out. Technology is redefining various industries, and to survive, the entire country has to change with it. With the new program, new customers can decide exactly what kind of energy they want: wind, solar, or other resources. By giving people options and lowering costs, customers become loyal and are more willing to face the changes that come with dramatic improvements. As long as the CAAs make sure their budgeting is solid, things should work out, at least for the near future.

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Friday, February 3, 2017

ElectroMotiveLA Aims to Educate Consumers About Electric Vehicle Options



Most if not all drivers have heard something about the variety of electrical vehicles being marketed throughout the ever-evolving automobile industry. However, most of those people only know the bare bones about electric cars, if even that much. Besides the fact that electric vehicles are better for the environment and can be better for a consumer's wallet in the long run, very few consumers know much about what makes the different brands and models distinct. Fortunately, according to Russ Mitchell's L.A. Times article, a brand new website called ElectroMotiveLA was started to try to help people become more informed.

The website has many setting that allows potential buyers to do the necessary research to fully understand the car that they are looking to buy. It is designed specifically for Los Angeles residents and details the different models of electric vehicle and the kinds of features each version comes with. The website's settings allow a user to search for specific charging capabilities, the distance the car can travel on a single charge, and the type of tax credits the government tends to offer. To get specific information, ElectroMotiveLA meets with the heads of marketing at the companies and dealerships, but according to Mitchell, does not accept any payment from them.

ElectroMotiveLA is funded by a subsidiary of the Schmidt Family Foundation, a non-profit organization with a goal of improving renewable energy. Because the Foundation is looking to cut out fossil fuels and increase the prevalence of green energy sources, the creation fo the website to help consumers understand the technology seems to be the logical first step. Additionally, because ElectroMotiveLA receives its funding completely from the non-profit, it doesn't need to collect money from the car companies that it is reviewing, which gives the website more credibility.

Mainly, the goal is not to inform people about how electrical vehicles can save fuel and help prevent further environmental degradation. Instead, ElectroMotiveLA focuses on the stylish, cool aspects of the new types of electric vehicles, In that way, potential buyers have a good time learning about the technology, and may be more inclined to invest in it in the future. At this point, because gas prices are relatively low, people are not interested in paying double the price to get the electric version of their trusty combustion engine.

If people can be shown that the price difference is not so large, or that the difference in price can be made up over the long-term based on the personal and societal benefits of driving an electric car, then maybe that portion of the automobile industry will be able to grow. Already, California is moving forward, taking the lead in the electric vehicle market. That state boasts about 50% of total sales in the country, of which Los Angeles itself holds about 20% of the state's sales. Improved education on the subject, such as that provided by ElectroMotiveLA, could help the state's record continue to improve, Perhaps California's zero-emission mandate will be met sooner than expected.

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Friday, November 4, 2016

SolarCity Releases New Type of Solar Panels in Response to Decreasing Growth in the Industry



One of the biggest complaints that homeowners have against solar panels is that they "look ugly." Homeowners claim that the normal glass and metal panels clash with the look of their house and negatively affect the feel of the neighborhood. Fortunately for them, Elon Musk, the chairman of SolarCity, has revealed a whole new line of solar panels that look more like regular roofing tiles. Ivan Penn and Russ Mitchell, in their L.A. Times article, discuss what this innovation means for consumers and how it ties into all of the other technology being designed by Musk's companies.

Not only do these re-designed solar panels address the "ugliness" issue, but Musk also hopes that these panels will provide homeowners with more of an incentive to invest in one of Tesla's wall-mounted batteries. When the sun is shining, the tiles provide energy for current use and charge up the battery. When the sun isn't shining, the charge in the battery can be used to provide energy for the house. Eventually, he hopes that every home will have its own personal "alternative energy ecosystem" made up of Tesla and SolarCity devices. His goal is for green-minded homeowners to mix electric vehicles, charging stations, solar rooftops, and wall-mounted batteries to create the perfect blend for an energy-efficient home. Realistically, all of those devices are very pricey, so the components are sold separately, but Musk makes it clear that they work best as a total system.

Analysts believe that SolarCity's big announcement regarding the new-and-improved solar panels was due to the slowing growth of Southern California's solar industry. Where solar panel sales rose by 66% in the first three quarters of 2015 compared to the previous year, sales only rose by 12% in the same period of 2016. They believe the slowing growth is caused by the dwindling number of early adopters for the technology. The hope is that the new style of solar panels and the introduction of Tesla's new Powerwall home electricity storage batteries will help them quickly move on to the early majority segment of potential customers. Additionally, the slowing growth could be due to changes in state and local regulations. Rules are changing regarding how solar companies can sell their energy to utility companies, and tax credits for green energy are running out, so it becomes a less affordable proposition by the day.

Still, overall, analysts believe that the solar industry will continue expanding through the end of 2016. Prices on solar panels and wall-mount batteries are continuously going down, which helps those on the fence to make a decision. It is believed that overall sales in the solar industry will reach $38 billion by 2025, from $3 billion in 2016. While utility companies and local regulators have been targeting solar providers, making their costs rise, the solar companies have responded by partnering with electricity storage companies. It is sensible that a package of solar energy with a way to store it can be optimal based on customer demands. But, Musk already has a head-start on everyone else, since Tesla and SolarCity already make up their own strategic alliance. If other companies want to catch up, they will have to figure out a way to cut costs significantly, or accept lower profits until they have been able to get a substantial market share.

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Find out more about us at www.sepulvedaescrow.net. Any Questions? Contact our Escrow Expert! Sepulveda Escrow Corporation (818) 838-1831. Follow our company on FacebookTwitterLinkedIn, and Google+.
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