We recently got the following reader comment on a post of Andrew’s on electric vehicles, the smart grid, and residential solar power. It’s a great one, so I thought I’d highlight it further with a quick repost here. Check it out:
May I please emphasize this?
“A small, 1.2-kilowatt solar system priced at around $4,000 will cover charging costs for an electric vehicle for up to 40 years.”
For $4,000 you can buy your ‘gas’ for the next 40 years.
For the next forty years you will be producing the power for your EV for $8.33 a month. Those are fixed dollars, not dollars that will rise with inflation, the $8.33 per month is locked in.
The $185 per month that ICEV owners will be paying for gas? In forty years, based on past inflation, will cost you $1,027.
Let’s use historical inflation rates to look forward to forty years from now…
Price for gas now = $185.
Price for electricity now = $8.33.
Price for gas forty years from now $1,027.
Price for electricity forty years from now $8.33.
Forty years from now $8.33 will have the buying power of $1.44 in today’s dollars. For less than the price of a latte, you charge your EV for a month.
On an annual basis, $12,324 for gas, $100 for electricity.
What’s not to love about that?
(Yes, curmudgeons, there may be some inverter repair necessary along the way, and a tree might need to be trimmed back. Thank you in advance for grousing.)
Image Credit: SunPower
I'm the director of CleanTechnica, the most popular clean energy website in the world, and Planetsave, a leading green and science news site. I've been covering green news of various sorts since 2008, and I've been especially focused on solar energy, electric vehicles, bicycling, and wind energy for the past few years. You can also find my work on Scientific American, Reuters, Think Progress, GE's ecomagination site, several sites in the Important Media network, & many other places. To connect on some of your favorite social networks, go to zacharyshahan.com or click on some of the links below.