This example shows
the 25-year curve of electric costs for a 300 kWh
usage. Currently billed at $37 a month, with the 6% annual increase
that rates have undergone for the last 20 years, it will wind up at $145. The blue section is the amount
you'll pay to install a 1.3kW solar array, with a 20 year loan at 6%.
While you may be switching one bill for another, you'll be helping save the environment, and by the end of the 25 year warranty period you'll have earned a solid 8% IRR, (although we expect the panels to last an additional ten years or more.) ************************************
While we're thrilled that energy efficient consumers can finally take advantage of solar, the fact is, your bill is probably closer to the $100 range. Fortunately for you, that's where solar really starts to pay off.
Here's a 3kW array wiping out 600 kWh usage. Cash positive from year one, it pays a handsome 13% IRR.
This example shows
the 25-year curve of electric costs for a 300 kWh
usage. Currently billed at $37 a month, with the 6% annual increase
that rates have undergone for the last 20 years, it will wind up at $145. The blue section is the amount
you'll pay to install a 1.3kW solar array, with a 20 year loan at 6%.
While you may be switching one bill for another, you'll be helping save the environment, and by the end of the 25 year warranty period you'll have earned a solid 8% IRR, (although we expect the panels to last an additional ten years or more.) ************************************
While we're thrilled that energy efficient consumers can finally take advantage of solar, the fact is, your bill is probably closer to the $100 range. Fortunately for you, that's where solar really starts to pay off.
Here's a 3kW array wiping out 600 kWh usage. Cash positive from year one, it pays a handsome 13% IRR.
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