A growing number of households are expecting their electric bills to rise significantly over the next five years, with 74% of respondents believing that their electricity costs will increase “somewhat” or “significantly.” This surge in energy costs is driven by various factors, including local climate fluctuations, weather events, and fuel price volatility.
For those living in households classified as Operational (Level 2), these challenges can have a significant impact. Sixty-four percent of operational households are considering an investment in solar, storage, or both to address their power-related frustrations. These investments can lead to several benefits, including reduced electric bills, increased resilience against price fluctuations and outages, and long-term home value potential.
With the federal tax credits for solar installations set to expire on December 31, 2025, it’s essential for homeowners to reassess their energy needs and consider upgrading their power setup. This article is part of a series exploring home energy maturity within US households, highlighting the challenges and opportunities associated with different stages of power and energy readiness.
Source: https://www.zdnet.com/home-and-office/energy/power-bill-surging-why-you-should-electrify-your-home-before-2026