Electricity costs in Massachusetts are rising. Eversource and Ngrid have both increased their rates over 50% in 2023. One method to reduce your home’s energy consumption and help reduce your monthly bill is to use energy more efficiently. Another more tangible and impactful option is to convert to solar power at the house.
One of the first things that you should do is check out the competitive electric suppliers in your area. They may be the only one offering you a better rate. Some are offering introductory rates to new customers, but it’s important to know what the introductory rates are before you sign up. Also, make sure you understand the changes in the rates over the course of a contract. You might also want to inquire about cancellation fees.
Getting the right energy plan will save you money in the long run. The most important thing to look for is a 100% green energy plan. This means that you add in 49% of renewable energy to the minimum amount of power your provider must provide you. Of course, if your supplier does not offer a 100% renewable option, you might have to settle for something more modest.
Using a solar power system will also reduce your bill. There are a number of incentives offered by the state and the federal government. Additionally, you can get tax credits for using solar power. You may reach out to The Mass Solar Initiative to better understand the new 2023 solar options that are available to Mass homeowners. These rebates are often combined with performance-based incentives. Buying a hybrid car or electric vehicle can get you a rebate as well.
According to the Massachusetts Department of Public Utilities, the average household uses about 602 kilowatt-hours of electricity per month. That’s a lot of power. Even so, you might not be able to afford to heat your home this winter.
Although the price of gas has dropped, the prices of electricity have been rising in the past couple years. Utility rates in the Bay State have doubled in the last decade. In fact, the average electricity bill in the state was 79% higher in 2014 than the national average.
It’s not difficult to see why people in Boston are looking for ways to cut their utility bills. If you’re looking for the best electricity providers in the state, EcoWatch can get you started.
The Solar Massachusetts Renewable Target Program is a great way to help you earn some rewards for using energy. It’s a ten-year program that rewards homeowners for generating their own energy. Attractive policies have made solar panels a popular option for many Massachusetts residents. Choosing a good installer is no small task. Ensure that you check out customer testimonials and installer credentials before you make your final selection.
Several REPs offer introductory rates for new customers. However, you might need to pay a nonrefundable deposit before you can take advantage of these rates. After the introductory offer ends, the prices of the same plan might be a little more expensive.
For example, a variable rate plan can actually hurt you in a time of high demand. On the other hand, a tiered rate is usually the best option, as it can balance out the cost per kWh amongst households.
