Rhode Island Electricity Rates Are on the Rise Again

December 12, 2023 | Reading Time: 6 minutes

Rhode Island Electricity Rates Are Already Higher Than Last Year!

Rhode Island residents can expect another sharp increase in Rhode Island electricity rates this winter. Electricity prices will keep going up from October 1st after being 32% higher than last year during this summer.

Rhode Island Electricity Rates Will Increase Again This Winter

Rhode Island homeowners can expect to pay 24% more this winter than they are currently paying this summer. This electricity rate hike will continue until March 31st, 2024. 

Rhode Island Energy customers will see their electricity rate go up from 10.34 cents to 17.74 cents per kilowatt hour. On average, Rhode Island homes use 597 kwh per month. This electricity increase will cost an extra $39 on your bill. This is after accounting for an estimated decrease in electricity usage during the winter. 

The increase in electricity rates from summer to winter is smaller than last year’s record increase of 47% in Rhode Island.

The rate increase is lower than last year. However, Rhode Island residents will still pay a similar amount for electricity as they did last year. The electricity rate is similar this winter because the summer rates residents are currently paying are historically high. 

During this summer, the electricity rate in Rhode Island is 10.34 cents per kwh. This rate is higher compared to the usual 7 or 8 cents in previous summers. 

The increasing electricity rates are consistent trend in Rhode Island as seen in the chart above. This also shows the overall trend of electricity continuing to get more expensive over time. High electric bills are making homeowners search for ways to save money, as they understand that electricity costs are increasing.

One solution that protects Rhode Island homeowners from forever rising rates is purchasing solar panels for their home. Solar panels can create a lifetime of savings and give back control of their energy expenses to homeowners. 

We breakdown how solar energy is making a difference across Rhode Island here:

rhode island electricity rates, rhode island solar installers, solar installers near me

Unlock Incredible Savings: Transforming Your Energy Future With Rhode Island Solar Panels

Discover the Ultimate Path to Slashing Energy Bills – Starting Now!

Imagine a future where you have full control and save more money by reducing your energy bills. As Rhode Island solar installers, we have got the blueprint to improve your energy costs! 

Immediate Results at Zero Extra Cost!

Say goodbye to skyrocketing bills by making the switch to solar. We are working with homeowners across Rhode Island to make solar a simple change that won’t disrupt your lifestyle. Picture yourself with a consistent energy payment every month and the best part? It’s all possible without spending an extra dime. 

If you install solar panels in Rhode Island, your electricity bill will be replaced with a fixed payment for the panels. As a result, you will no longer have to pay for electricity. Not only is there zero extra cost, most homeowners see an immediate savings. If you are a residential customer you can expect to continue to paid more for electricity without solar.

Embrace a Radiant Future with Solar Power!

Elevate your home into an energy-saving powerhouse with clean energy. A solar install can seem like a big upfront investment. However, there are purchasing options that will decrease your total cost. A few of these options even allow you to buy solar panels with zero money down.

Solar installers in Rhode Island offer a solar lease or buy option. Both options come with solar incentives that lower the initial cost of buying them. 

This allows you to make a long-term investment that generates your own eco-friendly energy from the sun. Using solar power protects you from the future market fluctuations of natural gas by generating your own renewable energy.

Lifelong Savings and Unmatched Peace of Mind!

Imagine a life free from worries about surging electricity rates. No longer depend on expensive utility companies affected by changing gas prices. No longer do you dread the surprise of opening your electricity bill each month. You know the fixed price for your solar panels, which won’t change until you’ve paid for them completely.

Once you fully pay for your panels, your home transforms into a haven of free energy! As solar panel installers in Rhode Island, we have helped homeowners save thousands of dollars in energy payments over the 25-year lifetime of their solar panels.

Not for Every Roof, but Yours Could be Perfect!

Every home is unique, and solar panels might not be a fit for all. Curious if your home is an ideal candidate? Don’t hesitate to reach out and we can let you know with a free consultation! We are the answer to you search for “solar installers near me”.

Get a jump-start on discovering the incredible potential for your home with a solar quote. Call us today and take the first step towards an energy-efficient, cost-effective future!” Let us show you why we are one of the top solar companies in Rhode Island!