Why Solar Now?

The cost of electricity has consistently risen for over 40 years, with a 40% increase in the last decade alone. History is indicating that homeowners who take no action to free themselves from grid dependence are going to continue to pay more for electricity next year than they are today.

 

 

Cost Of Solar Is Down

The cost of solar has dropped significantly in the past several years. A decade ago, an average 6 kilowatt hour residential solar system could cost more than $50,000. Now, the outright cost of a typical home installation ranges from $16,200 to $21,400, which is a 62% average annual decrease.2 

(2. Information on solar costs courtesy of EnergySage.com)

  

 

Looking deeper: Energy Rate Report

The average home in the U.S. consumes 897 kilowatt hours (kWh) of electricity per month. Bills vary by state and region, as cost per kWh differs,. To estimate average monthly energy bills, multiply the average home’s electricity usage (897 kWh) by the cost per kWh in your state for that month. For example, the average cost per kWh for California homes in this month’s report was 19.79 cents, which amounts to an average bill of about $177.52 (19.79 cents x 897 kWh) that month. 2

 (2. Information courtesy of ChooseEnergy.com)

 

10 states with the highest residential electricity rates

State Rate (cents/kWh) State Rate (cents/kWh)
Hawaii 29.03 Vermont 19.67
Alaska 23.85 Rhode Island 19.28
Connecticut 21.73 New York 19.11
Massachusetts 21.01 New Hampshire 19.00
California 19.79 Maine 16.91

(2. Information on energy rates courtesy of ChooseEnergy.com) 

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