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Do you think your electric rate is too high?

I was looking at this interesting chart of the average utility electric rates here in the USA published by the Department of Energy. It’s really interesting to see what people are paying on average per kWh (kilowatt hour), especially if you are considering solar power to offset or eliminate your electric usage. Solar Power without rebates and tax credits typically produces electricity for a solar power system owner at about 15 cents per kWh, therefore states with rates in the range of 10.26 to 24.13 cents per kWh will see a quicker financial payback period with solar panels since the cost of electricity is higher. Take a look at Hawaii, they have the highest electric rate in the USA! Does your electric bill match with the average for your state? Why do you think the electric rate in your state is what it is? Do you think solar panels will make a good investment in your neck of the woods, why or why...

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Southern California Edison – 25% electric rate hike!

This week, Southern California Edison (SCE) made a huge announcement, according to an article in easy reader news, Scott Gobel, regional manager for Southern California Edison said average customers in SCE territory will see an electric rate hike of 25%! Scott says,”that is a huge increase, In 25 years I’ve worked with this company, we have never raise the rate 25 percent.” Natural Gas is a major element of electricity generation here in the USA and is the reason for the astronomical rate hike customers will start to see on their bills shorty. You thought the pain at the pump was bad enough, well energy inflation is soon going to hit your electric bill. People who have installed solar panels or wind power generators have already locked in their electric rates since they are producing their own clean energy. Renewable Energy power generation is a great tool to hedge against raising energy costs. If you are considering to purchase a solar electric system or a wind turbine and are a SCE customer, well now is the time to start looking into it because your investment is going to pay itself back 25 times faster then...

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Two most important factors that determine your clean energy system payback

Every consumers that call in to inquire about a solar panel or wind power system ask, “when will the system break even?” Obviously this is a very important question in the decision making process for a clean energy system, but often the consumers are not prepared to calculate their return on investment because most consumers don’t understand their costs. Your electric bill is the first place to start, most people just pay their electric bill every month without really understanding their rate or how they are being charged, since customers previously did not have a choice in producing their own energy, most people just pay the dollar amount on the bill without thinking about it. When you decide to install a grid tied solar panel or wind power system a more in-depth analysis needs to be conducted to figure out the break even point of a proposed system. The two most important factors to determine the return on investment are the following: how many kilowatt hours (kWh) are you using per month? what is your daily usage? what is your electric company charging you per kilowatt hour (kWh)? Every customer is different in terms of how much they use and the electric rate they are paying the utility company. So the moral of this story, before you even dream about what type of solar panels your going to buy or think how awesome it would be to have a wind turbine on your farm, get real and start by understanding your electric bill before you make the call to inquire about a clean energy...

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