Ask Your Question
0

Electrical energy cost increase estimates

asked 2013-06-05 10:49:07 -0500

phelsingius gravatar image

It seems that a significant portion of the value proposition for financing or leasing solar systems is the electricity cost savings you will see. Most dealers seem to be estimating future cost increases for electricity from your utility in 5 to 5.5% range. Clearly they do this because it makes the financial picture look better, but are they realistic? I really can't find any source that would support these kind of increases. Numbers from http://EIA.gov are much more conservative. Any thoughts?

edit retag flag offensive close delete

2 Answers

Sort by ยป oldest newest most voted
0

answered 2013-08-06 15:19:09 -0500

this post is marked as community wiki

This post is a wiki. Anyone with karma >75 is welcome to improve it.

updated 2013-08-06 15:19:09 -0500

I don't know if past is prologue ... but here in California my rates have increased an average of 6% / year for the past 8 years.

edit flag offensive delete publish link more
0

answered 2014-02-06 15:29:39 -0500

this post is marked as community wiki

This post is a wiki. Anyone with karma >75 is welcome to improve it.

updated 2014-02-06 15:29:39 -0500

In NJ utility rates have increased by an average of 3%. Some years no increase and other years 15% increase. It is better to own a system although you have to make the investment up front. You will save the most. In a lease with zero down you will have the best ROI simply because you invested Zero! Suggestions for a lease would be zero down and "no escalator". This will keep your rate locked for 20 or 25 years.

edit flag offensive delete publish link more
Login/Signup to Answer

Question tools

Follow

subscribe to rss feed

Stats

Asked: 2013-06-05 10:49:07 -0500

Seen: 240 times

Last updated: Feb 06 '14