As it turns out, most media estimates of the cost of installing solar panels on your home or business are wrong, because they are using out of date figures. Read how in this latest peer-reviewed study.
Falling demand for grid power has paralyzed additions and innovations to the obsolete centralized grid just as reduced prices and increased solar panel efficiency are putting real reliable power within our grasp.
Think grid power will stay cheap? Not in WV (This Charleston Gazette link will die in a week.) Here’s the latest in a long line of WV electric rate increases:
Nearly $20 million of the hikes aim to allow Monongahela Power and Potomac Edison to recoup spending on fuel, transmission and purchased power costs. The two utilities provide electricity in 37 of West Virginia’s 55 counties. The typical monthly residential bill will increase by an estimated $3.36 per 1,000 kilowatt hours consumed.
Rising rates and falling demand have killed investment in the obsolete centralized grid. Now is the time for homeowners and small business owners to take control of their energy destinies. Return on investment for small investors is at its lowest point in decades. If you have some cash to invest, your future returns will be much higher if you invest in a solar power system. If you don’t have money to invest, consider that interest rates for home loans are also at historic lows.
As always, the message for the new year here at The Power Line is — Stop thinking like a consumer.