Our Simple Clean Energy Solution to Rising Energy Costs
As energy costs skyrocket, market fluctuations are causing unprecedented spikes in energy rates. Clearway Community Solar has a solution that is good for the environment and your pockets. By subscribing to our Community Solar program, you will see the benefits of solar without the hassle of installing solar panels on your roof, $0 upfront costs, and no maintenance costs or hidden fees. The process is simple: after joining a solar farm in your area, solar credits will be applied directly to your utility bill for instant savings. Illinois customers, for example, will save a guaranteed 20% on solar bill credits by subscribing to our Community Solar program.
Read more and be informed about how your state utility rates are increasing and see why joining our program was the right solution for you to offset rising energy costs.
Massachusetts Energy Rates
Massachusetts is set to unleash one of the highest residential electricity rate hikes in the country. National Grid residential electrical rates increased on November 1st from $0.11491 to $0.33891, or a 195 percent increase, driven by higher electric supply prices.
“In total, the monthly bill of a typical residential electric customer using 600 kWh (kilowatt-hours) per month will increase from $179 in the winter 2021-2022 season, to approximately $293 for the winter 2022-2023 season,” National Grid stated.1
| National Grid Rates1 October 2022: November 2022: | Eversource Rates2 October 2022: November 2022: December 2022: |
Illinois Energy Rates
ComEd’s supply rate rose 60%, to over 11 cents per kWh, in June 2022. As of October 1st, 2022, ComEd’s electricity rate is 9.765 cents per kWh which is about 26% higher than last October. This rate is fixed until June 2023.3
| ComEd Rates October 2021: October 2022: | Ameren Rates October 2021: October 2022: |
New York Energy Rates
Orange and Rockland
“A residential customer using on average 600 kWh per winter month will see an average monthly bill increase from $122.97 to $144.20, or 17.3%, as compared to the average of the prior three winters,” the utility reported.4
Central Hudson
Central Hudson’s electricity prices have skyrocketed over the last four months. The current price per kilowatt hour (kWh) is now 13.71 cents, while the price in June was 4.18 cents per kWh, a dramatic increase of 228%.5
June 2022: | October 2022: |
Minnesota Energy Rates
The Minnesota Public Utilities Commission recently approved a plan for Minnesota Power to transition away from block rates to a flat energy rate for their residential customers. These electricity rates are based on when the energy is used, also known as time-of-day rates.
The switch will be gradual and implemented in phases through 2027. The first phase began in October 2021 with a change to the flat energy rate. This October 2022 marked the second phase with a change to the flat rate and usage-qualified discount. As the plan progresses, time-of-day rates are expected to be the default residential rate by 2027.6
June 2022 – September 2022 (Phase 1): | October 2022 – May 2023 (Phase 2): |
Sign Up for Community Solar and Start Saving
Clearway is here to help and provide a much-needed offset to your rising energy costs. Take control of your utility bills and join our Community Solar program to receive solar credits applied directly to your utility bill for long-term savings.
* Savings based on a guaranteed 20% discount on the value of the net metering credits generated by a allocation from the Community Solar system on the default supply service rate with the utility (ComEd or Ameren). Customers not on their utility default supply service rate may not receive the same savings or any savings. The impact of the solar bill credits on the utility charges can vary month to month due to seasonal variances affecting solar energy production. Actual savings may vary in the event the customer (i) cancels early, (ii) does not receive credits, or (iii) receives a reduced credit amount due to utility errors or delays. Clearway is not responsible for utility delays in applying solar bill credits. Refer to the community solar contract for agreement terms.
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