What's your business' plan for managing energy costs? Would you be more likely to consider solar if you realized that your utility electric rates have been going up more than 6% annually for the past 40 years? For comparison, this is 2-3 times the rate of inflation in the Consumer Price Index and the Producer Price Index.
The high utility inflation rate compounds dramatically over time. A single kilowatt-hour, which today costs a business $0.18-$0.20, will increase more than six-fold to over $1.00 in 20 years’ time.
Enter below your monthly or annual electric expense and you can see what your 20-year electricity liability is.
For more on solar financing strategies, check out our Financing Strategy page.