Utah residents and businesses are facing a perfect storm of rising Utah energy costs, and it’s more critical than ever to consider alternatives. Rocky Mountain Power (RMP) has recently implemented a nearly 20% increase in energy costs through its Energy Balance Adjustment (EBA), hitting many households hard. But that’s not the end of the story. RMP is now seeking a 30%+ base rate increase from the Utah Public Service Commission, and starting January 1, 2024, customers will also see an additional $3.47 per month charge on their bills. This fee, part of a new legislative mandate, will fund a self-insurance program to cover wildfire risks.
What's Driving These Increases?
These changes are not hypothetical—they are happening right now, and they represent a significant burden for Utahns. The Energy Balance Adjustment, which alone has caused some bills to spike by 19.88%, is just the beginning. This adjustment allows RMP to pass the full cost of fuel and purchased power directly to customers—no buffer, no sharing the burden. Now, with the utility pushing for a base rate increase of over 30%, citing the need to cover rising operational and capital costs, energy prices are poised to soar even higher. If approved, this would be one of the most significant rate hikes in recent memory, pushing energy costs to new heights.
Solar Power: Your Defense Against Rising Costs
In this rapidly changing landscape, solar energy offers a vital lifeline. At Intermountain Wind and Solar (IWS), we’re committed to helping you protect yourself from these rising utility bills in Utah. With over 16 years of experience in the industry, we’ve seen firsthand how solar power can stabilize energy expenses and provide long-term savings.
Here’s why now is the time to make the switch:
1. **Immediate and Long-Term Savings**: Solar installations allow you to generate your own electricity, drastically reducing your reliance on the grid. With RMP’s rates on the rise, the savings you can achieve by switching to solar are more substantial than ever.
2. **Federal Tax Credit**: Don’t forget the 30% federal Solar Investment Tax Credit (ITC), which is available through 2032. This incentive significantly reduces the upfront cost of your solar installation, making it more affordable to take control of your energy future.
3. **Energy Independence with Battery Storage**: By adding battery storage to your solar system, you can store excess energy for use when rates are highest or during power outages. This ensures you have reliable, affordable power at all times, further reducing your exposure to volatile grid prices.
4. **Increased Home Value**: Homes with solar systems are more attractive to buyers, often selling faster and at higher prices. With energy costs continuing to rise, a solar-equipped home becomes an even more valuable asset.
The Time to Act is Now
With energy costs set to rise even further, the urgency to explore solar power has never been greater. Intermountain Wind and Solar is here to help you make the switch with confidence. Whether you’re interested in solar panels, battery storage, or simply learning more about your options, we’re ready to guide you every step of the way.
Don’t wait for the next rate hike to hit—contact us today for a free consultation and take the first step toward energy independence. With IWS, you can lock in your energy costs and keep more of your hard-earned money where it belongs—in your pocket.
Why Choose Intermountain Wind and Solar?
As a leading solar provider in the region, IWS is uniquely positioned to help you navigate this challenging energy landscape. Here’s what sets us apart:
- Experience and Expertise: With 16 years in the business and thousands of installations across Utah, Idaho, Nevada, Oregon, and Wyoming, we know what it takes to deliver reliable, high-performance solar systems.
- Comprehensive Service: We handle everything from initial consultation and system design to permitting and installation. Our team is committed to ensuring your transition to solar is smooth and successful.
- Quality You Can Trust: We use only the best equipment and technology, ensuring your solar system is built to last. Our commitment to quality means you can count on your system to perform optimally for years to come.
At
Intermountain Wind & Solar, we're here to offer an extensive range of solar power services to clients around Salt Lake City, Utah and Boise, Idaho, including not just solar panels themselves, but also
home battery installation and various other services to save money on power rates and energy costs.
