As usual, industry is being careful with our money. DTE smart meters have a depreciable life of 20 years. DTE analog meters have a depreciable life of 43 years! Depreciable life means they get to claim tax write-offs for it. Many analog meters have been on homes for over 43 years.
In Congressional testimony, a utility industry experted stated that smart meters have a 5- to 7-year lifedue to necessary or desired
software upgrades. Industry expert states: “These devices are now
computers, and so they have to be maintained. They don’t have the life
of an existing meter which is 20 to 30 years [actually more like 50-80
years]. These devices have a life of between 5 to 7 years. And so the
challenge that the industry has is making sure they maintain their smart
grid environment, not neglect it.”
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