Rising Electricity Rates

The high cost of electricity

Simply put, we all end up paying more for the electricity we use off the grid because it is increasingly expensive for utility companies to generate power. The cost of fuel is escalating the utilities’ operational costs, and demand on the grid is growing rapidly, despite new advances in energy-efficient appliances. Additionally, infrastructure investment costs, or what it takes to maintain the grid, are forecasted to be around $14 billion dollars a year in coming years. All of these associated costs get passed onto the consumer.

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

Electricity prices rise 7% a year in California

California’s high energy costs

In California, only a small amount of electricity consumption is fixed by law, and the price increase for additional electricity consumption is skyrocketing. California's electricity rates have historically increased by nearly 7% per year. The good news is that going solar is a solution to help control these runaway costs.

Will solar help lower electricity bills?

Yes! Becoming your own power source by installing solar panels is a giant step towards gaining energy independence and freedom from rising electricity rates. You can lower energy costs and reduce your bills immediately when you install solar.