Like clockwork, the last week of every month strikes our pocketbook. We live three (somewhat) carefree weeks until, without fail, the electric bill arrives.
Do you know how much Americans spend a year on electricity?
The average American uses just over 10,000 kWh of electricity per year. At an average of 11 cents/kWh, this is $1,100/year (less than $100/month). Think about this expense over 40 years, it's $44,000.
If this $1,100/year is invested over the same 40 years, one would have $535,000 (assuming a 10% return on investment).** Click here to download speadsheet.
By purchasing electricity at $92/month, every American is missing out on $535,000. Electric companies know this, but they do not want you to. With this amount of residual income, how can you afford to keep paying an electric company?
Invest the money in yourself by generating your own electricity. Photovoltaic solar panels are one of the most effective ways to do this. WIth no moving parts and a 25 year warrenty, solar panels will produce electricity beyond the life of your home.
With the government subsidizing 50% of the cost of a solar system and an 8-10 year payback period, solar has never been a better investment. Learn how you can be free from a monthly utility bill through a free solar system estimate.
