Energy-Saving Strategies to Combat Rising Electric Rates
Alternative Energy
As electric rates continue to rise across the United States, homeowners are feeling the pinch. People across the country are worried about whether or not they’ll be able to pay their electric bills. Some homeowners are cutting back on weekly groceries and others are unsure if they’ll be able to afford a full tank of gas [6]. As demand for electricity grows and infrastructure ages, it’s essential to be aware of the factors driving these increases.
Understanding the reasons behind rising electric rates can help consumers make informed decisions about their energy usage and explore alternative options to reduce their energy bills. One of the most fruitful alternatives (and one that can put money back in your pocket), is solar power.
Momentum is here to help you explore ways to lower your energy bill, including switching to solar power with Momentum Solar. Ready to make the switch? Call us now at 1-888-MOMENTUM to talk to a solar expert in your neighborhood!
Why are energy rates on a constant rise?
Increased demand
One of the primary drivers of rising electric rates is the increased demand for electricity. As the population grows and people rely more on electronic devices, the demand for power surges. This heightened demand puts pressure on utility companies to generate more electricity, resulting in higher costs for consumers [1].
Aging infrastructure
Another factor contributing to rising electric rates is an aging infrastructure. As the nation’s power grid continues to age, utility companies must invest in upgrades and repairs to keep it functioning. These costs are often passed on to consumers in the form of rate increases [1]. The US has put a lot of energy and resources into preparing the power grid, but it still isn’t enough. After investing billions to reinforce old power plants so that homeowners could have power in the cold, the utility companies still couldn’t manage: “the equipment at natural gas and coal-powered plants throughout the south-east froze” [5].
Fluctuating fuel prices
The cost of generating electricity is also affected by fluctuations in fuel prices. When the price of natural gas or other fossil fuels increases, utility companies may need to raise electric rates to cover their costs. For example, in Massachusetts, residents have been shocked by recent hikes in utility bills attributed to the increased cost of natural gas [2].
“The other day we got our bill and my wife said to me, ‘Kevin, the bill came’ and she pounced out that number and I was like, I totally blocked it out, because it was absurd,” National Grid customer Kevin DeForge said, “from a $90 bill a month to $360 some odd dollars.” – NBC Boston
Think it’s time to ditch the utility company? Click the “Free Quote” button at the top of the page to see for yourself how easy going solar can be!
How can you save money on your electric bill?
Implement energy-saving measures at home
Taking simple steps to conserve energy in your home can help reduce your electricity bill. Some easy ways to save on energy costs include sealing gaps around windows and doors, upgrading to energy-efficient appliances and using LED light bulbs [3]. Additionally, consider installing a programmable thermostat and regularly maintaining your HVAC system to improve its efficiency.
Optimize your energy usage
Being mindful of when and how you use electricity can lead to significant savings. For example, you can plan to complete high-energy-consuming tasks, such as laundry or dishwashing, during off-peak hours when electricity rates are lower [4]. Also, consider using power strips to turn off electronics when not in use and unplug chargers to eliminate standby or “ghost” power consumption.
Make the switch to solar with Momentum Solar
One of the most effective ways to lower your energy bill and protect yourself from rising electricity rates is to switch to solar power. Solar energy not only reduces your reliance on traditional electricity sources but can also minimize or even eliminate your electric bill [4]. Momentum Solar is a leading solar provider offering comprehensive services to help you make a seamless transition to solar energy.
Momentum Solar’s experienced team will guide you through the entire process, from initial consultation to installation and ongoing monitoring. We offer customized solar solutions tailored to your home’s energy needs and we are dedicated to providing the highest level of customer service.
“I checked out a lot of the companies but Momentum was the only company I felt confident moving forward with. Their process is streamlined and they did everything for me… Loving my new system and the savings!”
– Hasnain A.
By choosing Momentum Solar, you’ll enjoy the many benefits of solar energy, such as lower energy bills, increased property value and a reduced carbon footprint. Additionally, with the availability of the federal Solar Investment Tax Credit (ITC) and various state incentives, the cost of installing solar panels has become more affordable than ever.
It’s time to switch to solar! Click the “Free Quote” button at the top of this page to discover the benefits of going green!
