Soon everyone will be an electric company
In the not-too-distant future, everyone could be an electric company, selling power into the grid just like the owners of giant generating plants.Full Story
#1 Jul 5, 2014
"Sunnyvale, Calif., resident Louis Gray installed Sunrun panels on his family’s home in March. Instead of paying by the month, Gray opted to pay $17,000 up front for a 20-year lease. Sunrun installed, owns and maintains the system. Gray’s bill from PG&E, the local electric utility, has dropped from $200 to $300 a month to about $20. "
"“We estimate we will save $60,000 in the 20 years,” said Gray, who is married and has three children.“It’s probably the best decision we’ve made all year financially. There’s only so many ways you can take costs out [of your budget] every month, and this has been a great one.” "
He could have kept that 17K in the bank at a whopping 0.5 to 1% interest. So, he's saving $180 to $280 a month on average, a sight more than the bank will pay in interest. Electricity rates have averaged a 1% increase each year for the last 30 years. Depending on what happens to KWh rates, the 60K estimate on savings may be low. Both PG&E and SCE have a tiered rate system. When they feel a need for more money, all they have to do is diddle the KWh rate per tier or the tier rate as a whole. Example, SCE is going to a 4 tiered index. They have increased the rate per KWh in the lowest tier from 13 cents to 16 cents per KWh. They also have decreased the amount of KWh in the lowest tier. SCE is also crying about the costs of decommissioning the San Onofre nuclear plant. They are saying they will need another 1.8 Billion dollars to do the job. Look for another increase in rates very soon.
#3 Jul 6, 2014
Yeah right troll. Get a little education so YOUR opinion is not riddled with B.S. that way you can be part of the solution instead of part of the problem.
#16 Aug 10, 2014
The system can store enough electricity to work like a backup generator and keep the lights on and fridge cold in a power outage or natural disaster.
#17 Sunday Dec 28
Cumm for me
#19 Monday Dec 29
The more competition the better.
#20 Friday Jan 2
$60K in savings sounds great!
Lots of profits to be made in solar.
#23 Friday Jan 23
Solar B S plenty!
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