Eversource has recently announced electricity rates will decrease in July 2023, however don’t expect them to stay there. They’ve projected an increase once again in January 2024.
Jim Shuckerow, Eversource Energy’s director of electric supply, shared in this article with CT Insider: “We have a winter pricing problem, not a summer pricing problem.”
“The (off-shore) wind projects that are in the pipeline won’t be built and producing electricity for a number of years,” Shuckerow stated.
Additionally, Eversource delivery rates are expected to increase from $0.11 per kWh to $0.14 per kWh in July. As energy rates decrease, the delivery rate rise will impact homeowners’ bottom line.
The process of going solar can take between 10 to 19 weeks for completion. That means if you decide to go solar on July 1, 2023, your system should be ready by December, just before Eversource’s rates increase again the new year.
Higher energy prices are caused by volatility of the energy markets. Don’t let outside factors impact your bottom line. Protect yourself from rate hikes by going solar. Converting your home to solar locks in your monthly electricity payments, and safeguards you from future Eversource rate increases.
See what your monthly rates will be when going solar with our instant estimator!
