Our power costs are CHEAP here in the MidWest!

I just read a blog at my friend’s website (www.runonsun.com) and learned that folks in California are paying 22 Cents/Kwh for their electricity. That’s over TWICE what we pay here in the MidWest. This is very likely the reason there’s so much residential solar built up out West. Our energy prices here in Ohio, Indiana, Kentucky and Pennsylvania are all around 10 cents/Kwh, and we are blessed. But don’t think that our prices won’t go up. Coal fired plants are being closed every week because they are old, obsolete, or simply can’t meet the new EPA standards for particulate emissions. Yes, there are new gas turbine power plants being built, and yes, we are using LESS electricity (as a Country) than ever before, but this is not a balanced equation. Our prices have been held low due to coal subsidies from the government, and these will disappear with the coal plants. Solar panel pricing has bottomed out and prices are stabilizing in the 79 to 90 cents/watt range. We might squeeze a few percent out of inverter costs, but for now, we are riding near the all time price lows for residential AND commercial solar PV systems. It might be time to plan on installing that dream system in the early Spring, before demand begins to force component pricing to rise…

Best wishes and sunny days!
Joe

Leave a Reply

Your email address will not be published. Required fields are marked *