In light of a base rate increase implemented earlier this year and the cost of oil in the $60-$70/barrel range, the cost of HELCO power is closing in on the 40 cents/kWh range.
The small commercial G effective rate is 39.56 cents/kWh, which represents an 11 percent increase since November 2017 and 24 percent increase since November 2016.
For homeowners, the R rate is 35 cents/kWh assuming a purchase of 500 kWhs/month, which represents an 11 percent increase since the same month last year and 18 percent since November 2016.
Going solar electric has never made more sense as a way to hedge against the likely upward trajectory in utility power costs and, if a Tesla Powerwall battery package is included, can provide the peace and security of the lights staying on and the beverages keeping cold in the event of a grid outage.
Call or come by to learn more about catching the solar wave with ProVision Solar.