How Much Is The Average Electric Bill in California?
California has higher-than-average electricity rates, which has many residents looking into alternative energy sources like solar. So, how much is the average electric bill in California, and should you make the switch to solar? Below, we’ll discuss these costs and how you may be able to decrease your monthly bill.
Changes in the Cost of Electricity Over Time in California
Factors like regulation policies, changes in energy production, and market dynamics can influence electricity rates. Understanding these changes may help you prepare for future costs. Below is a look at the future of electricity costs in California and strategies that may help lower your bill.
Will Electricity Costs Change in the Future?
Electricity costs in California have increased more rapidly than the national average in recent years, and utility companies in the state want to increase them even more. Estimates indicate that residents in certain areas could experience rate hikes ranging from 32% to 50% between 2022 and 2026. These price hikes could result in an average electric bill of almost $500 for homeowners by the end of the decade.
How to Reduce Your Electricity Bill
With electricity costs only expected to rise, you can implement a few strategies that may lower your monthly bill, such as
How Does Solar Affect the Average Electric Bill in California?
Switching to solar panels may lower your average electric bill in California. However, many factors affect your overall savings, such as
Estimating the Potential Monthly Savings With Solar
It can be difficult to calculate the average electric bill in California with solar panels since so many factors can affect savings. However, this simplified guide can help you determine your savings if you switch to solar.
Savings can still vary based on financing costs, government incentives, and electric rate changes. Contact a certified solar company to discuss your options and find more accurate data for your home.
Calculate the Cost of Solar Panels for Your Specific Home
If you’re considering the switch to solar, use our free solar calculator to determine the cost of panels for your home. By inputting information like your home’s size, location, and usage, you can quickly estimate the price of a system for your home. This may also help you determine the potential monthly savings of installing solar.
What Is the Average Electric Bill in California?
According to the EIA, the average electric bill in California in 2022 was $138.29. While it’s not the highest cost compared to other states, it’s higher than the national average and is only expected to increase. However, just because you’re a California resident doesn’t mean this is what your bill will be. The average bill amount comes from all home types, from small apartments to mega-mansions. Because of this, your electricity bill may be lower if you live in an apartment or higher if you live in a large home.
Enjoy Potential Monthly Savings With Axia
If you’re curious about the money you may be able to save by switching to solar, contact Axia by Qcells today! We’ll provide personalized insights and a free solar assessment to help you better understand the numbers. With our experience and high-quality technology, we can help you unlock the potential savings of solar!