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Why Inflation is Good For Solar Panels

Posted by Adam Sewall In Friday, November 19 2010 under: Clean Power Finance, Inflation, Cost and Financing

As Merriam-Webster tells us, inflation is defined as:

"a continuing rise in the general price level usually attributed to an increase in the volume of money and credit relative to available goods and services."

I know, I know -- not exactly the kind of thing you want to be reading on a Friday. But before your eyes glaze over, take a look at the following picture, via our friends over at Clean Power Finance.

As you can see, we've got two situations. One in which we don't install a solar energy system (shown by the "pre-solar" blue dotted line) and one in which we do install a solar energy system (shown by the "post-solar" green line). After installing solar panels, our annual electric bill goes from about $1,000 to, say, around $450. Our new solar energy system is meeting more than half our annual electricity needs -- pretty cool, huh?

(Related: How Much Do Solar Panels Cost?)

Now, you might have noticed that, in year 13, the gap between the pre-solar line and the post-solar line is wider than it was in the first year -- and the gap is wider still in year twenty-five. In other words, the amount of money solar power saves us increases over time. What's going on here?

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