How Much are you paying for electricity?
The average solar install produces energy at $0.13 per kilowatt hour, less than half of what Edison is charging for the same energy. Solar makes sense TODAY!
If you are a Southern California Edison Customer your bill includes an outline of their 4 tier rate structure starting at $0.15 per kilowatt hour and topping out at $.032 per kilowatt hour. This means that initially you are paying $0.15 per kilowatt hour but by the middle or end of the month, most homes are paying the top tier rate of $0.32 per kilowatt hour. Solar Installations typically produce energy at around $0.13 per kilowatt hour which is why you see more and more of your neighbors going solar. Basically, it cost less then your utilities lowest rate and less than half of the utilities highest rate.
At PWR Logix we use only the highest quality solar panels and inverters both of which are covered by 25 year manufacturer warranties. That’s guaranteed production for 25 years with no moving parts and thus no maintenance required! Our choice in solar panels is based on the California Solar Initiative Equipment list which rates solar panels in use in California, as well as, our training and experience working directly with solar panel manufactures. Solar panel quality matters! Don’t be fooled into believing that all solar panels are the same. Quality solar panels yield higher electrical production over their 25+ year life.
Payback and Energy Independence
One way to calculate the value of solar energy or a solar system on your home is in terms of payback period. If you choose to go solar and buy a system, how long would it take you to break even on your investment rather than continuing to pay the utility. By going solar, a homeowner eliminates their electric bill (except for a $2 month account fee). So, how long in terms of monthly electric bills would it take to pay back the amount they spend on a solar system? Typically, I see payback in the range of 5-7 years, depending on how big the system, how the roof and house are positioned, and how much energy is being used on a monthly basis. The more energy used, the faster the payback period. After the payback period has come and gone, the system is said to be producing a return on the investment or free energy. A good solar proposal will spell out payback period and whether or not solar is a good investment for the homeowner.
Energy Independence – After a system has paid for itself by way of payback, the energy it continues to product can be considered free. This means that the homeowner enjoys electricity for their pool, air conditioner, electronics, even electric vehicles with no charges from their utility. Energy Independence can only be achieved if a homeowner purchased a system rather than leasing a system. Leases lock a homeowner into a 20 year commitment with low initial payments but those payment typically go up by 2.5 to 2.9% annually. Low cost solar loans are better options than leases with shorter terms and immediate savings.