Looming 2019 California Utility Rate Increases Spur Commercial Solar Systems Purchasing Interest
Commercial Facility Operators See Significant Energy Cost Increases on the Horizon
ALISO VIEJO, CA, Nov. 06, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- ( OTC: XSNX ), a leading solar and energy saving technologies provider, announced today that another round of utility electrical rate increases are slated to take effect in March of 2019, and are creating favorable opportunities for XsunX commercial solar system sales.
These rate increases, approved by the California Public Utility Commission (PUC), have been presented by California utilities as necessary to modernize electrical grids to better accept and distribute renewable energy sources such as solar – welcome news to XsunX and its customers.
As an example, Southern California Edison (SCE) in their PUC rate increase application proposed an anticipated $2.3 billion in grid modernization through 2020. Edison’s objective, outlined in further detail within Edison’s white paper on the , is to prepare and modernize its grid to harness the potential of distributed energy resources.
While the 2019 utility rate increases bring increased operating costs to all businesses, they also offer excellent opportunities for business owners to exploit solar friendly utility rate plans that can provide significant cost savings through a form of energy rate arbitrage. XsunX is pairing its solar and energy saving systems with these select solar friendly utility rate plans to present customers with compelling financial incentives for investing in solar.
“We are very excited about the opportunities some of Edison’s new 2019 rate plans offer our customers and XsunX sales,” stated Tom Djokovich, CEO of XsunX, Inc. “We usually see an increase in quote requests for commercial solar systems beginning in September each year, but this year, after the Edison rate notices were mailed, there has been an increase in the number and size of systems we have been quoting. As a result, the sales opportunities for the remainder of this year and 2019 are promising,” concluded Mr. Djokovich.
About XsunX:
XsunX specializes in the sale, design, and installation of solar photovoltaic power generation (PV), and energy saving technologies to provide our clients long term savings, predictability, and control of their energy costs. Making solar energy a sound investment for our clients is our mission.
For more information, please visit the Company's website at , or to learn more about the benefits of solar energy for your business or home schedule a .
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Contact: Tom Djokovich, President and CEO - 888-797-4527 or email:
