As Tucson Electric Power (TEP) looks to implement new rates in 2023, some customers may be searching for ways to offset any potential increase in their monthly bills. One solution to consider is investing in solar energy.
TEP’s proposed rates are intended to cover the cost of investments in wind and solar energy, as well as technology upgrades and grid improvements made since 2018. These investments will help TEP transition to cleaner energy sources and improve the reliability of their service. The rates will also reflect higher energy and operating costs, as well as the increasing energy needs of the Tucson community. The Arizona Corporation Commission (ACC) will review the proposal and decide on the implementation of the new rates, which are planned to take effect in September 2023.
Under the proposed rates, the average monthly bills for residential customers are expected to increase by about $14 per month, or 11.7% over current levels. While this may seem like a significant increase, customers have the opportunity to offset the impact by conserving energy and potentially enrolling in Time-of-Use pricing plans. These plans offer lower rates during off-peak times, making it more affordable for customers to use energy when demand is lower.
By investing in solar energy for your own home or business, you can contribute to TEP’s transition to cleaner energy sources and potentially save money on your energy bills in the long run. Solar energy can be a particularly appealing option for TEP customers due to the high levels of sunshine in the Tucson area. This means that solar panels are able to generate a significant amount of electricity, which can offset the energy that you need to purchase from TEP. With the right solar panel system and energy-efficient habits, it’s possible to reduce your energy bills significantly.
In addition to the potential financial benefits, solar energy also has environmental benefits. Solar energy is a clean and renewable energy source, meaning it generates electricity without emitting greenhouse gases or other pollutants. By using solar energy, you can reduce your carbon footprint and contribute to a cleaner and more sustainable energy mix.
While solar energy may require an upfront investment, it can be a worthwhile investment in the long run. There are also various financing options and government incentives available. Additionally, the State of Arizona offers a $1,000 tax credit for solar energy, which can further offset the cost of installation.
Overall, solar energy can be a smart solution for TEP customers looking to mitigate any potential rate increases and contribute to a cleaner energy future. It’s worth considering the potential benefits and conducting research on the options available to you. With the right system and energy-efficient habits, solar energy can help you save money and reduce your environmental impact.
