If you’re a homeowner, your energy bill is likely rising, and it’s not slowing down. Utility companies are increasing rates nationwide, and industry experts warn that these rising energy costs will only continue to climb.
Bottom line: Homeowners will soon spend more on electricity than ever before — and unless you make a change, there’s no cap on how high those bills could go.
The Numbers Don’t Lie: Power Costs Are Going Up
A Clean Energy Buyers Association (CEBA) study warns that if energy incentives are rolled back, the average household’s electric bill could increase by $110 per year. This estimate reflects just one piece of a larger trend, where reduced government support means utilities will pass rising infrastructure and fuel costs directly onto consumers. That $110 may sound small now, but it compounds year over year, especially when paired with utility-driven rate hikes.
Meanwhile, ConservAmerica estimates that bills could rise as much as $152 annually across America’s heartland.
Midwest Energy changes
In areas of Wisconsin served by Alliant Energy, the utility has filed for approval to raise electric rates by 14% by 2027. That’s nearly $200 million in increases over two years — a cost that will land squarely on customers’ monthly bills. For the average homeowner, this could mean paying hundreds more per year for the same electricity they already use. You can view the official rate filing here.
In Minnesota, Xcel Energy is proposing one of the most significant increases in recent memory: a two-year plan that would raise rates by 9.6% in 2025 and an additional 3.6% in 2026. This adds up to a $490.7 million increase, or a 13.2% jump in customer bills. If approved, this could significantly impact household budgets, especially in colder months, when usage spikes. Even those using the same amount of power will pay much more to maintain their current lifestyle.
In Nebraska, the Omaha Public Power District has already approved a $2.3 billion operating plan for 2025. That budget includes an 8.4% rate increase for residential customers, who will begin to feel the impact early next year.
Why This Should Matter to You
With utility companies responding to inflation, infrastructure investments, and policy shifts, they’re passing the financial burden straight to you. Even a modest $25/month increase adds up to $300 per year, or $3,000 over the next decade — money spent just to keep up with rising energy rates.
According to an internal study, our customers were spending an average of $130 per month on their power bills before going solar. With the proposed rising energy costs, yearly rates would increase from $1,571.28 to $1,723.28, for a whopping 9.67% increase. And there’s no sign of these hikes stopping anytime soon.
Take Back Control with Solar
This is exactly why thousands of families are switching to solar energy, not just for sustainability but also for cost stability.
When you go solar with Everlight, you can:
- Lock in a predictable monthly payment
- Avoid unpredictable utility rate hikes
- Take control of your long-term energy costs
If you’re already paying a monthly power bill, you might as well own your energy and start investing in your future, not your utility company.
Don’t Wait for the Next Hike
Rising energy costs are scheduled, approved, and inevitable. The sooner you act, the more you protect yourself from rising costs. Plus, the federal residential solar tax credit ends on December 31, 2025, so act soon while there’s still time to lock in the full 30% credit, saving you thousands.
Book your no-cost consultation today, and we’ll show you exactly how much you can save by switching to solar with Everlight Solar!
