You realize that’s >$70k over 20 years as rates keep rising… right? Where’s the line that it makes sense in the ‘book of Mongler’? $15k to save $30k over 10 years? $10k? What about the financing? Would not paying $120/mo on a solar loan to save $150/mo make sense because numbers?Its helarious when somone says ... yes I spent 20 grand so I could save 30 grand over 10 years on a utility that costs more than most people's rent!
Yes those were historical averages for 2020 and 2021.If those are your electric rates it makes more sense that people aren't investing in solar. Here rates have been around $.23/kWh, going to $.25 or so this summer. So the payback is pretty significant.
Is that the ACTUAL cost of using a kWh? Here the cost is ~$0.08. PLUS a fuel fee of ~$0.02. PLUS RPS, franchise etc, etc. The ACTUAL cost is ~$0.13 per kWh.Electricity is $.07 per kWh.
Actual cost is .07 per key and a $25 per month service fee.Is that the ACTUAL cost of using a kWh? Here the cost is ~$0.08. PLUS a fuel fee of ~$0.02. PLUS RPS, franchise etc, etc. The ACTUAL cost is ~$0.13 per kWh.
Is your utility Xcel? Enjoy your low rates while they last….
Xcel can recover $509 million from customers in coming months’ bills to pay for surging natural gas costs during the southwestern freeze in February 2021, an administrative law judge ruled this week, despite finding the…www.postindependent.com
Well, out of curiosity, I went back and check the ongoing retail rates for our area. Now you are looking at and average of 15 to 17 cents per kWhBefore the solar panels were installed, I was averaging around 8 to 9 cents a kWh for many years.