Keep It Solar Simple
Solar Basics: How Does This Stuff Work You Ask?
We’ll break this down as simply as possible: Electric companies currently charge an average of $0.12 for every “kWh” (kilowatt hour) of power you consume. Most homes consume 1,000-2,000 kWh each month in electricity.Some people are charged additional fees like franchise taxes, local municipal fees, gross receipts tax, “asset securitization” charges (What?), which can increase your bill even more. When you switch to solar, these fees can be reduced and/or diminished completely.
Ok, now that you’re even happier with your utility company, here is how the solar basics work: The cost of solar is summed up by the “levelized cost of electricity” (LCOE). To make it simple, this is the cost of producing your own energy over a 25-year span via solar instead of paying the electric company. An average solar panel system will produce power at $0.06 per kWh in comparison to $0.12 per kWh from the grid. In case you haven’t figured it out yet, going solar can save you a LOT of money over the lifetime of the system while also reducing our carbon footprint. It’s a win-win for all of us, including mother nature.
The cost of electricity is continuing to rise while the cost of solar has never been more affordable thanks to modern manufacturing combined with available incentives and payment programs. We are here to guide you and show you every way you can save money and mother nature by going solar. Sounding more affordable yet?
This is what a typical
residential solar powered system
A power company
$0.12/kWh for energy