A typical residential solar powered system will produce energy at $0.06/kWh.
The power company charges residential customers $0.12/kWh for energy.
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LCOE is the net costs of solar divided by the total number of kWh’s the solar power system will produce over its lifetime. When you divide the net costs of solar by the number of kWh’s it will produce over 25 years, you get a price per kWh or $/kWh. A typical residential system will have a LCOE of $0.06/kWh. To put this into perspective, FPL charges residential customers $0.12/kWh. So with solar, customers will produce power cheaper than they can buy it! If they have batteries, they can store this cheap energy, use it at night, and truly lower their electricity costs and get away from the grid.