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Next year in May, SRP to increase electricity price by 8.8% and APS is
even requesting 10.55%!
Most solar calculators do not factor in the increases in electric prices which are going to be
charged to consumers. But those increases play a big factor in the calculation for a number of
reasons:
1. The amount the utility company returns for produced power by your photovoltaic system also
goes up which reduces the return on investment period.
2. Increases come on top of each other which increases the price for electrical power over the
years dramatically.
3. The Return On Investment period (ROI) shortens which is an important factor for deciding to
invest in a solar system.
One of the reasons SRP mentions in their letter to customers is that they "must anticipate the
challenges all utilities face as our country shifts to cleaner but more expensive ways to
generate electricity." This is important because this reason will become more influential in the
future. Our country - and the rest of the world - has no choice but to generate more clean energy
in the future and that will drive the cost of energy up dramatically. It is the old rule of economics of
supply and demand. Demand will only go up while supplying green energy will become
increasingly difficult. In their Questions and Answers section, APS says that they do not expect
that this increase will be the only one coming.
Therefore, the power you generate with your own panels will become more valuable
over time!
You can review the price proposal from SRP at www.srpnet.com/priceinfo
The APS price information page can be found at www.aps.com/news/BreakingNews_109.html
even requesting 10.55%!
Most solar calculators do not factor in the increases in electric prices which are going to be
charged to consumers. But those increases play a big factor in the calculation for a number of
reasons:
1. The amount the utility company returns for produced power by your photovoltaic system also
goes up which reduces the return on investment period.
2. Increases come on top of each other which increases the price for electrical power over the
years dramatically.
3. The Return On Investment period (ROI) shortens which is an important factor for deciding to
invest in a solar system.
One of the reasons SRP mentions in their letter to customers is that they "must anticipate the
challenges all utilities face as our country shifts to cleaner but more expensive ways to
generate electricity." This is important because this reason will become more influential in the
future. Our country - and the rest of the world - has no choice but to generate more clean energy
in the future and that will drive the cost of energy up dramatically. It is the old rule of economics of
supply and demand. Demand will only go up while supplying green energy will become
increasingly difficult. In their Questions and Answers section, APS says that they do not expect
that this increase will be the only one coming.
Therefore, the power you generate with your own panels will become more valuable
over time!
You can review the price proposal from SRP at www.srpnet.com/priceinfo
The APS price information page can be found at www.aps.com/news/BreakingNews_109.html
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Total Solar LLC. PO Box 266. Gilbert, AZ 85266 T: 480-459-8015 F: 480-659-8025 www.totalsolaraz.com Information & Support: info@totalsolaraz.com |