Some of your advantages are offset by the higher amount owed on the house. People buy by monthly payment -- that is the bottom line, and paying $40 more in the mortgage payment to save $80 in utility charges is a GOOD DEAL (tm) if it works out that way. After the sewer is cleaned in DC and CA regains its property tax deduction for federal taxes the financials will improve even more.
Perhaps the most attractive part of this legislation in terms of widespread PV is folding the cost of the PV into the mortgage. It completely undercuts the PV leasing business but that is IMHO a good thing. And being able to finance PV at home mortgage rates is a boon.
Our elected state politicians told us the new fed tax plan was going to screw the middle and lower class. They lied.
So why exactly, just a couple months later, do you assume they are any better at mathematics and financial calculations when there is something in it for them?
Trust but verify. Do the math on a solar system using the 2025 CPUC approved tariffs for NEM x.x. You don't know the 2025 tariffs? Well what do you know? Neither did the bureaucrat who submitted the $40/m saves $80/m numbers. They are asked to prove a certain point, and they generate a number.
Sort of like college chem lab experiments. It's always easier to start with the desired answer and work backwards if you want an A.
BTW - They are pushing the leasing in cities where it is already mandated, but must offer cash plans too. And let's get brutally honest. The definition of an idiot is somebody who finances a $15k purchase for 30 years (cost of mandate in nearby city).