As energy rates continue to surge, it’s becoming crucial for homeowners to find solutions to combat these increasing costs. At West Coast Solar, our team understands the challenges that come with rising energy rates and aims to provide sustainable and cost-effective alternatives. Read more about the skyrocketing price of energy and how solar power is a better way to invest your money, then contact us for a quote!
Energy Rates Are Increasing (Again)
The newest energy fees looming on the horizon are set to compound on existing historic hikes that were implemented in January, averaging around 13 percent — equating to approximately $414 in additional annual fees for the average PG&E electricity and gas consumer.¹ With these continuous rate increases, it’s evident that relying solely on traditional energy sources may no longer be sustainable.
A History of Rising Rates
Since early 2021, PG&E bills in California have skyrocketed by a staggering 38 percent, amounting to an average of $52 per month as per regulatory filings. This increase is 20 percent higher than the rise in the consumer price index during the same period, highlighting the substantial burden placed on consumers due to escalating energy rates.¹
It Doesn’t Stop There
Unfortunately, the bleak outlook for ratepayers doesn’t end here. There is a looming threat of further rate spikes in 2024, with PG&E’s application pending to raise monthly rates by an additional $14 starting later this year.¹ These hikes are aimed at recuperating costs from the damage caused by the previous year’s storm season, reinforcing the urgency for homeowners to seek sustainable alternatives.
Why Solar is a Better Use of Your Money
When faced with relentless energy rate increases, investing in solar energy emerges as a viable and cost-effective solution. By harnessing the power of solar panels, homeowners can significantly mitigate their reliance on traditional energy sources, thereby reducing their monthly energy expenditure in the long run.
How Your Home Can Benefit From Solar Energy
Apart from offering financial relief, solar energy presents a myriad of benefits for homeowners. From reducing carbon footprint and contributing to a greener environment to increasing property value, embracing solar power is a step towards a more sustainable future for both homeowners and the planet.
Why Work With Our Team
At West Coast Solar, we specialize in providing tailored solar solutions that cater to your unique energy needs. Our team of experts is dedicated to guiding you through the transition to solar power, ensuring a seamless and hassle-free experience from inception to installation. Partner with us today to embark on your journey towards energy independence and shielding yourself from unpredictable rate increases.
The relentless surge in energy rates necessitates a proactive approach from homeowners. By embracing solar energy, individuals can not only evade escalating energy costs but also contribute to a cleaner and more sustainable future. It’s time to take control of your energy consumption and pave the way for a brighter tomorrow with West Coast Solar!
¹PG&E CPUC Rate Hike Utilities Costs
