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> If Southern California Edison's residential rates continue to rise annually by 2.2 percent, as they have on average over the last decade, Jug's total electric
by cjhopman 8y ago
> If Southern California Edison's residential rates continue to rise annually by 2.2 percent, as they have on average over the last decade, Jug's total electricity outlay having gone solar would have cost about $6,000 more over 20 years.
Isn't the math that came to that conclusion completely fucked up?
$115(1.022 ^ 20) = $177
$75(1.029 ^ 20) + $17 * (1.022 ^ 20) = $159
In fact, I'm about 100% sure that that $6000 figure is the amount of additional money that is payed to sunrun due to the increase costs (difference between $75/month for 20 years and the cost with 2.9% increase). It looks like the journalist then went and misinterpreted that data and made up a completely fake chart below it to fit their interpretation of the data. In that chart, clearly the socal edison side should start with a higher cost than the sunrun side and the socal edison cost at 20 years should actually be above the $2k line.
- cjhopman 8y agoOkay... way at the end of the article they say that $115 isn't the real amount he was paying, he was only really paying $79. Making that change gets a lot closer to their -6000/+4000 for 2.2%/4.75% electricity increases.