Location, location, location NEW MEANING
Most people might not think about this, BUT the electric utility servicing a location can make a big difference. Consider Central Florida. There are two for profit public corporations, each covering coastal areas on the east side and the west side of the peninsula.
THEN, in some places, a municipality may be the source, leasing power from a utility company.
AND THEN, there are some not-for-profits, co-operatives, furnishing electrical service through the counties spanning the center of the peninsula.
There are many differences in prices so monthly budgets are affected. In addition, there are variations on how solar generation is being installed. At least one of the for profit public companies has set up solar panel farms, at least 8 or 9 of them, in their service area. A group of 8 or 9 not-for-profit co-ops are sharing the installation of one big farm, allocating capacity to each participating group which, in turn, is offering a variety of ways their customers/members can invest in and share in any potential savings.
A farm seems like a great benefit for the utility bears the costs of acquisition and maintenance, and then can use whatever power is generated across its entire grid. That means no installation, maintenance, insurance or other costs for individual property owners.
Are the for profit public utilities reducing their power costs? We don’t know. But we are curious.
Around Central Florida numerous people say they will never move out of their immediate neighborhoods because they don’t want to leave the area served by their co-op. Who would have thought it as a key to selecting where to buy real estate? !