Electric grid and price of home electric?

[wpod]

I have an eerie feeling the cost will skyrocket .

 

[billt460]

It was never meant to be a sole source of retirement income-as you stated. If one does count on it as such it's poor planning on their part. If they are in dire straights-let them tap in to their home equity via a reverse mortgage.

I agree. You're always going to have impoverished people, both young and old. You always have, and you always will. Poor planning on their part gets them into these types of situations.

With that said, I can honestly say that I would not want to have to depend on job related income over the next several years. I feel for a lot of these young people. Some will do well, many others won't. Those who save and prepare will fare better than those who overspend, and live check to check.

I saw this happen in the late 70's under Carter, and the astronomical inflation that followed. This is no different. It will get better. But not before it gets worse. That's the way these things play out. They run in repetitive cycles. From the Great Depression in the 30's. To the 70's. And finally today, as we head into another downside of the economic cycle.

 

[edyvw]

Capitalism.
That is how it works.
A lot of people will get quick tutorial about basic tenants of capitalism and role of government.

 

[Spyderman24_7]

I agree. You're always going to have impoverished people, both young and old. You always have, and you always will. Poor planning on their part gets them into these types of situations.

With that said, I can honestly say that I would not want to have to depend on job related income over the next several years. I feel for a lot of these young people. Some will do well, many others won't. Those who save and prepare will fare better than those who overspend, and live check to check.

I saw this happen in the late 70's under Carter, and the astronomical inflation that followed. This is no different. It will get better. But not before it gets worse. That's the way these things play out. They run in repetitive cycles. From the Great Depression in the 30's. To the 70's. And finally today, as we head into another downside of the economic cycle.

Not necessarily poor planning, but for many it's living paycheck-to-paycheck to get through life. Not to mention the insane medical expense some have to deal with that no level of planning can always cover.

 

[JTK]

....While my opinion is remaining in the middle grounds for electric vehicles themselves and their principle, Im not really for or against them, I am however totally against a super high rate hike in the power grid. How can we as consumers prevent this from occuring? Will automakers be able to push govt' for a rate freeze so we all can afford to charge our vehicles?

A co-worker of mine has an Audi Q4 e-tron. It may even have a "sport" attached to that. It's pretty fancy..

In terms of how charging an E-vehicle will effect your monthly electric bill, he claims his power company offers him incentives to charge his vehicle during certain ( I assume off peak) hours. He sets his "smart" charger to do it's magic during those hours.

I'm sure power company incentives are going to vary, but they're probably going to be there for a long time to some degree.

My thoughts are, an E-car won't necessarily make your already high electric bill *much* higher, but we'll all pay for those incentives elsewhere in our electric bills.

 

[edyvw]

I agree. You're always going to have impoverished people, both young and old. You always have, and you always will. Poor planning on their part gets them into these types of situations.

With that said, I can honestly say that I would not want to have to depend on job related income over the next several years. I feel for a lot of these young people. Some will do well, many others won't. Those who save and prepare will fare better than those who overspend, and live check to check.

I saw this happen in the late 70's under Carter, and the astronomical inflation that followed. This is no different. It will get better. But not before it gets worse. That's the way these things play out. They run in repetitive cycles. From the Great Depression in the 30's. To the 70's. And finally today, as we head into another downside of the economic cycle.

390,000 jobs are created last month.
There is big difference what is causing today’s inflation compared to 70’s or crash in 2008.
A lot of people during pandemic saved money. They are spending it now! Service industry (leisure) jobs are through the roof.
Housing market, unlike in 2008, is strengthened by real money. There is real demand, although it is slowing down (somewhere a lot, places like CA, CO will stay strong).
And then geopolitical issues. Gas will stay expensive for several more months at these levels until supply gets adjusted. Natural gas might stay expensive for several years, especially next winter.
But one thing is for sure, current geopolitical issues did for EV’s what no one could. ICE are done! They are done bcs. basic economics. There is no conspiracy theory, it is simple choice between cheaper electricity and cheaper maintenance and more expensive gas and maintenance.
What is really brewing in the future is how these countries whose economies are solely dependent on fossil fuels, survive this.

 

[Hermann]

In Jan when we received our SS COLA increase. I came out $97 ahead after Part B. I'm sure I have spent most of that easily. I can live comfortably on $900 a month, no house payment, no car payment. Under $250 a month for utilities, this month will be under $200 I save through auto transfers at B of A, $300 a month of my SS for taxes and insurance. I used to save $250 but with inflation I gave $50 of my COLA increase to this fund. Also I withdraw 4% a year from my 401K.

Later 's

 

[Schandyman]

The average solar owner that I've spoken to either feels like they have won something over the utility company or trys to sell a convincing story on their solar purchase. Everything and anything falls into place soon or later, solar owners may be charged a premium for energy rates when they need to suck on the grid. Just a possibility. Like riding a horse with a rhinestone saddle

 

[Hermann]

kWh is about 16.5¢ here. I use between 220 and 275 kWh during non A/C season. I have bills as low as $40


Residential General - MORG Billing Details - service from 04/05/2022 to 05/05/2022
Customer Chg $11.47
Energy Chg 275.5524 kWh at $0.09888 per kWh ............................................................... $27.25

DSIM Chg 04-06-2022-05-05-2022 for 275.5524 kWh at $0.0063 per kWh

$1.74 FAC Chg 04-06-2022-05-05-2022 for 275.5524 kWh at $0.0065 per kWh

$1.79 RESRAM Chg 04-06-2022-05-05-2022 for 275.5524 kWh at $0.00089 per kWh $0.25

Subtotal ......................................................... $42.50
Liberty Franchise Fee ..................................... $2.71
Liberty City Sales Tax @ 1% .......................... $0.43
Current Charges .................................... $45.64

$45.64 was my last bill for 275.55 kWh = 0.16566¢ kWh

I not all about the rate, it the add ons.

 

[edyvw]

The average solar owner that I've spoken to either feels like they have won something over the utility company or trys to sell a convincing story on their solar purchase. Everything and anything falls into place soon or later, solar owners may be charged a premium for energy rates when they need to suck on the grid. Just a possibility. Like riding a horse with a rhinestone saddle

I am installing panels in about 1 1/2 mos, after all permits are done.
I will pay more for solar than my electric bill. But that is fine, bcs. I am planning EV, or EV and PHEV, changing water heater to electric as well as stove/oven.
Then we are talking business.

 

[Aredeeem]

9.73 kWh in central NJ. $93.00 a month every month. With budget plan. Not bad considering.

 

[Schandyman]

I am installing panels in about 1 1/2 mos, after all permits are done.
I will pay more for solar than my electric bill. But that is fine, bcs. I am planning EV, or EV and PHEV, changing water heater to electric as well as stove/oven.
Then we are talking business.

What's the long term goal

 

[JeffKeryk]

I am installing panels in about 1 1/2 mos, after all permits are done.
I will pay more for solar than my electric bill. But that is fine, bcs. I am planning EV, or EV and PHEV, changing water heater to electric as well as stove/oven.
Then we are talking business.

What is your expected break even point? In my case, mine was accelerated due to increased energy prices. I love my solar panels!

 

[tmorris1]

No one lost their S.S. Plenty lost their employment. That's no assumption. It's fact. Which do you think is worse?

No disagreement about that. I think the assumptions are most have their houses paid off and no debt.

 

[edyvw]

What's the long term goal

Lowering bill. Not that we complain about current one. We both have good jobs, everything is fine.
But, although current cap is 120% of last year consumption, I think soon we will go 200%. My neighbors are making some money from it. It helps that we are in state where solar makes a lot of sense.

 

[edyvw]

What is your expected break even point? In my case, mine was accelerated due to increased energy prices. I love my solar panels!

I think right now we use $100 for electricity alone (two small kids). Gas is issue as they consider shower to be hot tub.
I am at $120 a month for panels. But, I will convert 50gal water heater and go to 80gal electric one as well as instead of gas stove/oven (we cook A LOT) to electric. Then wife will eventually go EV. I just sold Sienna on Monday. Will go either new hybrid Sienna (no impact on solar) or some PHEV. Waiting 2023 models to see what is going to be offered.

Edit: i am not calculating excessive production that will make me some money.

 

[JeffKeryk]

I think right now we use $100 for electricity alone (two small kids). Gas is issue as they consider shower to be hot tub.
I am at $120 a month for panels. But, I will convert 50gal water heater and go to 80gal electric one as well as instead of gas stove/oven (we cook A LOT) to electric. Then wife will eventually go EV. I just sold Sienna on Monday. Will go either new hybrid Sienna (no impact on solar) or some PHEV. Waiting 2023 models to see what is going to be offered.

Are you leasing your solar? I would not lease; but that MAY have to do with my local conditions, dunno.
Costco Sunrun is an excellent option, at least as a starting point for nogotiations. If it helps, I used Infinity Energy; you might wanna call them to get their take.

Good luck. Be sure to buy enough solar; there are people who cheaped out and are getting surprised yearly true ups.

 

[Schandyman]

How many square feet is your home? I'd teach those little ones to have good house manners and to be energy conscious. If you have gas now look into an on demand hot water heater, gas cooking is more efficient than electric. If you're going hybrid no need for all the solar stuff. If you did go full ev look into a smaller solar system enough to compensate for charging.

 

[edyvw]

Are you leasing your solar? I would not lease; but that MAY have to do with my local conditions, dunno.
Costco Sunrun is an excellent option, at least as a starting point for nogotiations. If it helps, I used Infinity Energy; you might wanna call them to get their take.

Good luck. Be sure to buy enough solar; there are people who cheaped out and are getting surprised yearly true ups.

Not leasing.
Local solar company, few blocks from my home. They are doing tone of work here.
I went maximum my utility company allows, 120% of usage. Denver allows 200%. I will increase once city council approves increase.

 

[wpod]

And lastly, most retired people on S.S. or "fixed incomes", have their homes paid for, and have no debt. They also have other investments that contribute to their retirements. Many that pay on a monthly basis. No one I know who is retired, depends on S.S. for their sole retirement income. As it was never intended to be that.

Only the ones that didn't live beyond their means.