Thursday, August 22, 2013

Electricity Bargain: Solar Brings 10 Cent Power For Next 25 Years To Texas Homes

Five years ago, solar systems were built by people who cared not much or not at all about solar's high costs. Times have changed.

Solar systems in Texas now provide 10 cents per kilowatt-hour power at a home or business and do so for the next 25 years.

With a solar installation, Gordy said, a customer would be securing a rate of 10 cents per kilowatt-hour for the next 25 years. Twenty-five years is the warranty-backed period for solar-panels, though they will likely generate power for many years longer, he said.

That's a business proposition and a good one that is available today.  More impressively, prices for solar systems continue to decline significantly and is why distributed solar is now challenging central station power plants that deliver power through the grid.

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