[glxxyz]

Yes the people selling solar systems all factor in aggressive future electricity increases, it's best to also see how it looks with more conservative rate increases. By my calculation in a reply above with the interest free solar loan it's an 8% return over 14.3 years.

[thelastgallon]

Residential electricity rates have risen fast across the US—more than 30 percent on average since 2020 and almost double the rate of inflation: https://www.wired.com/story/power-bills-in-the-us-are-soarin...

[Spivak]

It will be interesting to see if this will make natural gas a more attractive source of residential heating as the price has remained relatively stable over the past 20 years.

The push for electrification seems like it relies on us metaphorically drowning in excess cheap electricity and want somewhere for it to go but right now the opposite it happening.

[bluGill]

Very regional though - my rates have not gone up.

[conradev]

I got solar for my parents in 2021 and the price increases were pretty aggressive recently: https://fred.stlouisfed.org/series/APU000072610

[Ekaros]

Which to me is funny, when the electricity prices will clearly not rise when there is solar energy production from said panels. But might in other times.

[glxxyz]

I think the argument is that on average people are buying heat pumps and EVs faster they are installing solar panels but it’s not completely convincing though, power stations can be added.

Further north where I am solar can only ever be a small component of total electricity generation due to the dark snowy cloudy winter months with close to zero solar generation for weeks on end.

[adrianN]

Batteries for load shifting a few hours mitigate that quite a bit and are getting cheaper fast.