As a homeowner or even a small business, what should I be looking for to pre-qualify my home for alternative energy savings?
Watson said to start with your electricity bill and focus on the price per kilowatt-hour (kWh). Divide your total power bill (minus any taxes) by your total power consumption in kWh — all bills are different. If you’re in the range of 12-15 cents per kWh, your payback period could be 5-7 years, but numbers are subject to change.
We’ve heard about utility rate increases, and most of us remember what happened this year during the winter storm, but what should homeowners expect in terms of utility rates? Do you see increases?
“Yes, we’ve seen PEC increase rates, and expect rates to continue to increase as utilities attempt to cover losses from this February. And then you have uncertainty. Regardless of your position on climate change, our weather patterns are changing. I’m from Texas and have seen this first hand. So, we don’t know, but many of the challenges from the winter storm have not been solved. At the same time, many utilities are building in solar generation on their own. Our advice, prepare and know your options.”