(no title)
chrisro | 13 years ago
$11 billion per year for 20 million homes or roughly $550/home/year or $45/home/month
And, for perspective: From 1936 to 1938, the Rural Electrification Administration spent $210 million ($3.37 billion in 2012 dollars) to connect 100,000 rural farms to the electrical grid at a cost $950 each (over $15,000 in 2012 dollars).
Edit: Per the title update from "annually" to "over 5 years" the above, non-historical numbers are off by a factor of 5. The costs would be $110/home/year or $9/home/month over 5 years!
aqme28|13 years ago
chrisro|13 years ago
$9/home/month or $110/home/year for 5 years is even more manageable, though!
Edit: I see now where militiaman21 requested that the title be updated to "over 5 years" per new information. When I posted my numbers, the title said annually. I thought maybe I had missed something in the text.