If you want to see higher electricity costs in your area, then sure “invest” in these panels. Every region that tried this experiment shows the same results. Higher and higher electricity costs, the more people adopt the panels, which of course is then used by the solar panel companies to convince even more people into getting the panels installed. It’s a self propelling scheme.
If you get early on and on a good program, like Jeff did, then you will come out ahead most likely.
Your area must be real tough to get into, since they are offering this new program. Personally, I think everyone should stay away from this scheme because it always ends in very high energy costs.
We pay 10 cents kWr.
Program has been in affect since 2015
No one bothers with solar on their homes at this low rate or better said very, very few.
The solar fields truly are an economical way to have solar for those who want them for fun, after all the rates are already dirt cheap.
There really isnt a way or reason for costs to go up. If anything down. I understand you are from CA ? or the mid west to west.
You're thinking in the corporate world of big energy companies.
We are a local company that produces no power, we buy wholesale, wholesale prices peak at high demand, solar helps reduce the peak useage.
It doesnt result in higher rates and 10 cents a kWr 24 hours a day is the proof. I need say no more than that.
You also have the option to join a peak use schedule of super low night time rates and higher peak rates. Have an EV join the peak rate group at 4 cents a kWr for some night time hours.
Im not debating you , I can imagine people from the West or even northeast trying to comprehend any of this.
In fact we get e mail alerts "Peak Alert" alerting the community on days of energy peaks that get costly, people voluntarily cut back to save the co-op money - lower rates. Here is what just yesterdays peak alert.
One can also of course allow them to control your thermostat and adjust up to 48 times a year with a $4 a month bill credit. Free thermostat and installation.