American Electric Power (AEP) of Ohio saw Electric Rate Increases in June 2023 for Ohio ratepayers, jumping by a staggering 28%. As an Ohio-based solar installation company, Kokosing Solar is committed to providing sustainable energy solutions to our customers. As ratepayers begin to feel the effects of the electricity rate increases that AEP implemented this summer, we feel a sense of urgency to educate our customers about the benefits of solar energy.
What are the AEP Bill Changes in 2023?
American Electric Power (AEP) announced in June 2023 their electricity rate changes for Ohio ratepayers, jumping by a staggering 28%. What’s the result? Well, businesses and homeowners across the state already feel the significant increase in their energy bills.
While historic sources of electricity became more expensive this year, solar energy remains a cost-effective and sustainable solution. In fact, solar costs have fallen over 50% in the last 10 years!
Going Solar to Avoid Electricity Rate Increases
By installing solar panels on your home or business, you can generate your own electricity onsite and thereby reduce your dependence on the grid. An added benefit? When you go solar you don’t just save money on your monthly energy bill, but you also reduce your carbon footprint.
As a solar installation company based in Ohio for over 20 years, we understand the importance of finding ways to reduce our reliance on historic energy sources and transition to renewable alternatives. At Kokosing Solar, we believe renewable energy is the key to a sustainable future.
With the upcoming rate increases from AEP, now is the perfect time for Ohio residents to consider switching to solar power.
American Electric Power (AEP) of Ohio Electric Rate Increases + Incentives for Solar Installation
In addition to the cost savings and environmental benefits of solar energy, there are also several incentives and programs available to help Ohio residents make the switch. These include the Federal Solar Investment Tax Credit (ITC), which provides a tax credit of up to 30% of the cost of a solar installation for homeowners. Business owners have available various programs that offer grants, and other federal incentives for adopting renewable energy.
Here at Kokosing Solar, we’re committed to helping Ohioans transition to solar energy. We offer various solar installation services, including rooftop solar installation, ground-mounted solar installation, solar battery storage, and energy management systems to help homeowners and businesses maximize their energy savings.
In conclusion, the upcoming rate increases from AEP highlight the need for Ohio residents to consider alternative energy sources like solar power. Don’t let rising electricity rates catch you off guard!
Our team of solar experts can provide you with a free consultation and help you determine the best solar solution for your specific needs and budget.
Our team of solar experts can provide you with a free consultation and help you determine the best solar solution for your specific needs and budget. Contact us today to learn more about how solar can benefit you and your community.