Rising electricity rates - Solar electricity by Sungevity

Install solar and lower your electric bills

California's electricity rates have historically increased by 6.7% per year. Rising electricity rates are common all over the world due to fluctuating fuel prices, the costs of upgrading old and failing infrastructure, and broader inflation.

In addition to utilities paying rising costs for fuel sources, there are other environmental costs associated with fossil fuel: 40% of US carbon emissions come from electricity production.

Why are my electricity bills going up?

For utilities, it’s getting more expensive to create power. Fuel and costs to purchase power are increasing their operational costs. Demand for electricity, despite new advances in energy-efficient appliances, is still on the rise. And infrastructure investment costs, or what it takes to maintain the grid, are forecasted to be around $14 billion dollars a year in coming years. 

Additionally, in California, only a small amount of electricity consumption is fixed by law. The price increase for additional electricity consumption is skyrocketing. The good news, is that going solar is a solution to help control these runaway costs.

Will solar help lower electricity bills?

Becoming your own power source by installing solar is a great step towards gaining your energy independence and freedom from rising electricity rates. You can lower energy costs and reduce your  immediately when you install solar. Enter your address above or call us at 877.257.8648 and learn how household carbon emissions much you can save with a home solar system.