When your July electricity bill rolls around, you might find yourself asking, "Why is my bill so high?"
As of June 1, 2023, Pepco's rates are going up. The DC Public Service Commission announced last month that Pepco's Standard Office Service will be increasing their rates from 6.5 cents per kWh to 8.4 cents per kWh.
Residential SOS customers can expect their bills to increase by about 14%, or on average around $12. Small commercial SOS customers can expect a slightly smaller increase of about 13%, or on average around $30.
If you're already apprehensive about pricey summer energy bills, then this news might come as a shock. With hotter temperatures, most households will see an increase in their electricity consumption due to consistent air conditioning use.
Fortunately, if you have solar panels, then summer doesn't just mean hotter weather, but also longer days, more sun, and more energy production.
Most solar panels owners see their highest production of kWh in the summer months, covering their energy bill and sometimes producing excess to sell back to the grid.
Between financing offerings, SREC sales, federal and local tax incentives, and our $0 upfront cost options, upgrading to solar with Solar Solution is going to be the best route for savings.
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