$165
Monthly Expenditure
$0.146
Cost Per KWH
Richard faces escalating utility costs, with his current monthly expenditure at $165 and a cost per kWh of $0.146. This financial strain prompts him to seek alternatives to mitigate expenses and gain control over his energy expenditure.
Transitioning to solar power could lead to savings of $71,990 over the next 25 years compared to traditional electric power.
The estimated value added to Richard's home by switching to solar is $25,620, reflecting the growing preference for solar-powered homes among buyers.
Staying with electric power for the next 25 years could cost Richard $82,509, whereas switching to solar will cost him $31,854. The significant difference in costs highlights the financial benefits of transitioning to solar.
