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Key Statistics (San Diego/California)

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Key Stats (San Diego / California)

  1. High electricity-rates = strong solar ROI in San Diego
    In the San Diego region, most residents served by San Diego Gas & Electric (SDG&E) face rates around 45.5 ¢/kWh in 2023. Palmetto
    That’s significantly higher than the California average (~29.5 ¢/kWh) and national average (~16 ¢/kWh). Palmetto
    Because solar offsets high retail rates, the pay-back period for solar + storage systems in San Diego tends to be relatively short.

  2. California leads in solar adoption and capacity
    California has installed upwards of ~46,874 MW of solar capacity, enough to power roughly 13.9 million homes (statewide) in recent reports. Forbes
    The state also has over 2,300 solar-industry companies (installers, manufacturers, developers) across the value chain. Forbes

  3. Growth is strong, but near-term headwinds exist
    Nationally, the industry is expected to add about 43 GW dc per year through 2030 in a base-case outlook. SEIA
    In San Diego/California, because the market is further along, continuing growth will rely more on storage, grid integration and upgrades rather than purely new installations.

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