Free Republic
Browse · Search
General/Chat
Topics · Post Article

To: PUGACHEV

A co-worker recently got solar panels here in southern California. I think it was 14 panels and 4700kw and he pays $85 a month for 25 years.

The electric rate is around 19 cents a kw now which is 70% higher then most of the nation and will only go up to pay for the fat gov’t pensions.
Over 300,000 retired are getting over $100,000 a year.


124 posted on 07/24/2021 1:30:02 PM PDT by minnesota_bound (I need more money. )
[ Post Reply | Private Reply | To 50 | View Replies ]


To: minnesota_bound
In addition to the $85 a month, he had to hand the money he got from the tax credit over to the finance company too. On top of that, the finance company extracted a large fee from the installer, which was passed on to him as part of the price. Finally, he was charged another loan origination fee in addition to what came from the installer. With financing, our system was priced at $50k. We got the money from another source, declined financing, and purchased the same system from the installer for $33K.

We pay about 12 cents per Kwh, but our state has enacted a law which requires the electric company to shut down all coal fired and natural gas plants within twenty years. Some of that will be replaced with solar farms, and some with nuclear, but most of the gap will be filled by electricity bought on the spot market from other states. I am sure the legislature felt good about doing something for the environment -- although it didn't -- but we will never be told the true cost of these measures. As more EVs are purchased, the system will be strained further; inevitably, the Invisible Hand of the marketplace will appear with a vengeance, and the cost of electricity will skyrocket.

136 posted on 07/24/2021 2:33:00 PM PDT by PUGACHEV
[ Post Reply | Private Reply | To 124 | View Replies ]

Free Republic
Browse · Search
General/Chat
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson