What Does SB 100 Mean For You?
Updated: Apr 21, 2019
Have you been considering purchasing solar panels for your home? If you have, you probably have a lot of questions. The most common question we hear is related to the benefits of solar energy, but one we’re hearing more frequently is “What is SB 100?”
SB 100 focuses on ensuring California is 100 percent renewable energy powered by 2045. This is a very big goal for the state to take on, but once the bill passes, it is most likely going to affect you if you live in California.
SB 100 requires that at least 60% of electricity be generated for CA by 2030 from “eligible renewable energy resources (solar, wind, geothermal, biomass, small hydro, renewable methane, ocean wave or thermal, or fuel cells using renewable fuels). With that in mind, here are a few things you need to know about Senate Bill 100 and what it means for you.
Will SB 100 affect the price of natural gas?
The price of natural gas is affected by supply, demand, the cost of acquiring electricity from outside California, and other factors. As noted above, clean energy is now cheaper than gas – and will ultimately replace natural gas generation as a source of electricity.
SB100 California in Means Future Employment
California’s unemployment rate will be positively affected in the future. California employs 10 times more people in clean energy than the entire country employs in the coal industry and more than half a million Californians already work with renewable energy. Low unemployment means more job opportunities and more demand for goods and services for your business!
More Renewable Energy Keeps You Safe During Disasters
The economy and the environment will certainly benefit. These are long term benefits, but the potential for remaining safe during natural disasters is a dire benefit. As we discussed in the Hurricane Florence blog post, renewable energy is good for energy independence during natural disasters and preventing them in the first place. We can also see from the forest fires lately in Northern California that climate change is not hypothetical and will continue damaging more lives if action is not taken. Because climate change makes dry areas drier, this puts California at risk for increasingly worse disasters.
Renewable energy doesn’t guarantee that you won’t your power but it does improve your chances of staying connected during disasters. SB100 could increase these chances in accomplishing that. There is also an incentive in California called the Self-Generation Incentive Program (SGIP) provides incentives to support existing, new, and emerging distributed energy resources. SGIP provides rebates for qualifying distributed energy systems installed on the customer's side of the utility meter. There are stringent requirements, but your home solar system might be eligible for the rebate. This type of community-based environmental stewardship could not only save you money, but protect you during a natural disaster.
There Are Many Goals to Meet
Senate Bill 100 in California is going the opposite route from the federal government in setting deadlines for renewable energy. SB 100 even shortened the deadline and timetable for accomplishing certain benchmarks.California was hoping to reach a 50 percent level of renewable energy by 2030. Under SB 100, this deadline changes to 2026.
2030 is the year where renewables are targeted to hit 60 percent. The last benchmark is 2045 — when the state hopes to be fully renewable.Californians can get ahead of this measure by investing in solar panels for their home.
Thomas Enzendorfer has worked in the Solar Industry for over 10 years. He currently serves as CEO of American Home Energy—a California based pure-play white label EPC for the Solar industry--and personally mentors other solar-related companies. Prior to AHE, Thomas served as President of Soligent and was a member of the Management Board for Fronius USA. Consult with Thomas here…