Just last week, the average price of a gallon of unleaded gas in St. Louis was $3.20. By Monday, the average price for regular gasoline on the Missouri side of the St. Louis region reached $3.59 a gallon, according to AAAâs Daily Fuel Gauge Report. Thatâs up 28 cents from this time last year.
But, by 2016, Deutsche expects solar energy to reach price parity in all 50 states. For example, the cost of solar-generated electricity in the top 10 states for capacity ranges from 11-15 cents per kilowatt hour (c/kWh), compared to the retail electricity price of 11-37 c/kWh.
By taking this number and multiplying it by the cost per kWh of a given month, we can estimate the cost of residential electricity for any state. As an example, each home in Alabama was mailed an electric bill of $110.32 (12.11 cents x 911 kWh) on average for March 2016.