How the «cost zero» program works.
mayo 19, 2020How the «cost zero» program works.
mayo 19, 2020
Are you tired of rising electricity costs eating into your budget? Imagine a future where you're generating your own clean energy and saving a substantial amount of money each month, year after year. That future is possible with solar energy!
Let's break down the long-term financial benefits of going solar, and how it can protect you from escalating energy prices:
The Problem: Ever-Increasing Electricity Costs
Your current electric company increases its rates by an average of 8.5% annually. With an average monthly bill between $350 and $385 (let's use $367.50 for this example), those increases add up fast. Over 25 years, you'll pay a staggering amount to the electric company.
Here's the Math - Staying with Traditional Electricity:
We'll use a compound interest formula to calculate the future cost of your electricity: Future Cost = Present Cost * (1 + Growth Rate) ^ Number of Years
- Year 1: $367.50/month * 12 months = $4410
- Year 2: $4410 * (1 + 0.085) = $4784.85
- Year 3: $4784.85 * (1 + 0.085) = $5181.56
- ...and so on for 25 years.
23900
in 5 years you will pay
71760
in 15 years you will pay
400
Average monthly payment
It's impractical to list all 25 years here, but using a compound interest calculator, we can get the final amount.)
- Estimated Cost Over 25 Years (with 8.5% annual increase): Approximately $44,000 - $47,000 (This is a simplified estimate. Your actual costs could be higher due to usage changes or other factors).
