Last Updated: May 28th, 2019 at 12:12 pm
Read Time: 2 Minutes
Consumers Energy customers in Michigan will bear the brunt of an electricity rate increase after the state’s Public Service Commission approved the increase earlier this week.
Last May, Consumers filed for the rate increase “for the generation and distribution of electricity and requesting other regulatory approvals.” The end result is a net increase to Consumers customers of $99 million. For residential customers using 500 kilowatt hours of electricity a month, that means their monthly bill will increase by $1.62. The rate went into effect on Jan. 10.
As part of the rate increase, Consumers Energy agreed to spend at least $200 million annually on its electric distribution reliability capital program and $53 million annually on clearing vegetation and trimming trees around distribution lines. It’s also launching a PowerMIDrive pilot program, a three-year, $10 million effort to support the growing electric vehicle market in Michigan through new rates, rebates and customer education.
While Consumers’ work in supporting the electric vehicle market is a positive step for clean energy, Consumers’ need for an extra $99 million is just the latest instance that power rate increases routinely happen. As the power companies’ costs of doing business rise, those costs are often passed on to customers, who have no choice but to pay them.
POWERHOME SOLAR EDUCATION: Why Michigan is great for solar energy
But with the option to switch to solar energy, Consumers Energy customers do have the choice to start insulating themselves from these rate increases. Solar panels are a clean, green energy source where you can lock in your cost of power for the long term and save thousands! As the official solar provider of the Detroit Lions and the No. 1 installer of residential solar panels in Michigan, POWERHOME Solar would love to see if solar is right for you! Michigan residents pay among the highest rates for power in the U.S., which makes solar a great investment.
With our innovative solar program, homeowners in Michigan and our entire six-state footprint can go solar for $0 up-front cost, save money on their electric bills, and generate their own clean energy. The solar panels installed on your home are American-made and come with a 30-year warranty, with many panels expected to last well beyond that.
Please feel free to fill out the form below or contact POWERHOME Solar at 800-765-2715, and one of our solar representatives will help you determine whether your home qualifies for this program.