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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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Solar Energy protects you from inflation.

Isn’t it interesting that the US Government excludes food & energy inflation when calculating consumer price index (CPI) — the average price of consumer goods and services purchased by households. Realistically the price for energy has been increasing on a yearly basis. Natural gas over the last 30 years in the residential sector was 7.54%. Electricity has been increasing 4-6% per year depending on where you live in the USA. Consumers who purchase a solar energy system, solar photovoltaic (electric) or solar thermal system (solar hot water) they are protecting themselves from inflation. Adding energy inflation to a solar energy financial analysis is a very important factor because only then you can see the true payback period of a solar energy system. Locking in the rate you pay for energy is one of the best investments you can make. The booming world population coupled with rapidly developing countries has created a global power play for energy resources, moving forward the cost of energy is predicted to skyrocket, will you have energy...

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