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Last Post 3/17/2008 9:54 AM by  Solar Mike
energy
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3/17/2008 9:08 AM

    Janet (LM)

    How does the cost of solar energy compare to that of regular electric use, and how much could you save over ayear's time? thanks


    Solar Mike



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    3/17/2008 9:54 AM

    Hi Janet,

    Electric rates are different all over the country. In some places people pay $.08 per kWh for electricity, and in other places the price may be over $.40 per kWh. I've read that the cost for solar electricity is about $.22 per kWh. Where I live in CA, electric rates are toward the higher end, especially in homes using a lot of electricity. I speak with many people who have electric bills over $250/month. It is possible to generate all your electric costs with solar. For example, at my home, my electric bill last year was about $13, for the whole year!

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