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 not?
