High Speed Bill Simulation can help increase adoption of Community Solar, EVs, Time-of-Use rates, and other Green Programs
- Feb 27, 2020 10:41 pm GMT
The past 5 years has seen an explosion in the number of products being offered by Electric Utilities, including community solar, rooftop solar, EV adoption programs and time-of-use rates. Many utilities offer community solar programs, basically an alternative to rooftop solar for people that can’t put solar on their rooftops, such as renters. In 2014, there were 70MW of installed community solar. By 2018, that number was 933MW. Many utilities offer EV pricing programs to incent the purchase and use of EVs. In 2014, the U.S. had 200,000 EVs on the road, accelerating to 1,200,000 in 2019. Some Utilities offer programs associated with rooftop solar. And you guessed it, roof top solar is growing by leaps and bounds as well. In 2014 there were 500,000 PV installations in the US, in 2019 that number exceeded 2,000,000. And as of 2019, over half of large US electric utilities offered time of use rates, while in 2014 only a handful offered time of use rates. All of these programs are great for the environment. Nearly everyone wants to sign up for programs that help the environment. And nearly everyone wants to know how signing up for the programs will affect their electric bill. Adoption can further accelerate beyond early adopters by utilities providing detailed estimates to consumers on how signing up for these programs affects their monthly electric bill. This is how high-speed bill simulation can help.
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