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The CPUC did not respond to NBC Bay Area’s request for comment but has previously said the proposal is meant to enhance solar consumer protections and would only apply to future customers.
I would be thrilled to hear the mental gymnastics used to get from “enhanced solar consumer protections” to “pay us for the energy you produced”.
Just beware of changing interest rates. I banked with CIT for a while when interest rates were tanking pre-Covid and I watched my rates drop every month with no written notice (this is standard practice). Also take note that it may take a few more days to retrieve your money when compared to a local branch.
I finally gave up and moved my money “home” because their login and password updating processes were so cumbersome that I was constantly calling their help line and I became worried about my money getting trapped there.
If you don’t need the money for a while, maybe check out 6-12 month CDs.