Who Gets The California Climate Credit

Who Gets The California Climate Credit?

The California Climate Credit is an annual benefit to all residential households and small businesses that pay electricity bills in California. This benefit is funded through the state’s cap-and-trade program, which requires polluters to purchase allowances for their emissions. The Climate Credit is designed to help Californians reduce their energy costs and become more energy efficient.

Who Is Eligible?

The California Climate Credit is available to all residential households and small businesses that pay electricity bills in California. This includes those who receive energy from their local utility company, as well as those who purchase energy from a third-party supplier. All eligible households and small businesses will receive the credit regardless of their energy usage or energy provider.

How Much Is The Credit?

The California Climate Credit amount varies from year to year, but typically ranges from $10 to $35 per household. The amount of the credit is determined by the California Air Resources Board (CARB) and is based on the cost of pollution allowances purchased through the state’s cap-and-trade program.

When Is The Credit Available?

The California Climate Credit is typically available in the spring of each year. The exact date will be announced by CARB, and households and small businesses will receive the credit on their electricity bills.

How Is The Credit Applied?

The California Climate Credit is applied directly to households and small businesses electricity bills. The credit will be listed as a separate line item on the bill, and will be applied after all other charges and taxes have been calculated.

What Can I Do With The Credit?

The California Climate Credit can be used to reduce your electricity costs or invest in energy-saving upgrades. Many households use the credit to help pay their electricity bills, while businesses may use it to purchase energy-efficient equipment or make other investments.