Overview

Today the average homeowner with a solar system can generate electricity for six cents a kWh, which is about half of what many utilities charge for generation services. The public utility will charge an extra $0.06 Per kWh for poles, transformers etc. plus admin. costs and profits. With the latest battery systems, a homeowner can save excess energy generated during peak sunshine hours that can be used to support the households electrical requirements while the sun is not shining in other words 24/7 The battery system can be used to provide coverage during outages from the public urility. Thus, eliminating the need for gas or gasoline powered generators. Equipment accounts for almost all the costs of generating electricity in a solar system, once the system is paid off in 5 to 7 years with savings on electric charges the homeowner can enjoy free electricity for the remaining useful life of the equipment, which is about 25 years. The rate is fixed throughout the 25-year life of the equipment. On the other hand, the cost of electricity generated by the public utility will most likely increase over time and may even be subject to outages because of political situations that limit or interrupt supply. Read how the above has changed the paradigm for electric generation and distribution.

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