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The Average Homeowner Will Spend Over $14k on Power in 10 Years | Solar Energy USA Blog Archive

The Average Homeowner Will Spend Over $14k on Power in 10 Years

Posted on Friday, October 4th, 2013 at 11:47 am by Solar Energy USA

cost-of-solar-panels-and-solar-roi-graphicAccording to U.S. Energy Information Administration (EIA) data, in 2011 the average American home used 940 kilowatt-hours (kWh) each month. At an average cost of 12.5 cents per kWh that makes the average home energy bill $117.50 dollars plus any associated fees, sales tax, environmental compliance cost, or nuclear construction cost recovery fees (Georgia Power customers).


This means that in a 5 year period the average homeowner in the U.S. can expect to spend over $7,000 dollars on power – more than $14,000 dollars over 10 years.


These figures do not include taxes or fees (which make bills more expensive) and also assume no power rate increase (which is very unlikely – see State regulators hear Georgia Power rate case).

For people who live in larger than average homes the news is even more concerning – If your average monthly power bill is $300 dollars you will pay $36,000 dollars over 10 years! $36k! That’s a new car!

If your average power bill is $500 dollar or more you can expect to shell out $60,000+ dollars in the next 10 years just to keep the lights on!

How much money do you waste each month on power? Can you afford the $14,000 dollar expense that is headed your way?


Contact Solar Energy USA and start saving money TODAY!