Colorado ratepayers are already subsidizing investor-owned utilities with added costs for infrastructure. Now Xcel customers are about to be hit with another $1.7 billion tab to build 550 miles of power lines and at least four more substations to enable the governor’s Greenhouse Gas Reduction Roadmap. And you can be sure that will show up on your future bills.
So what can you do to offset those additional costs?
If You Can’t Beat ‘Em, Join ‘Em
The country is being pushed away from fossil fuel vehicles and appliances to electric power, regardless of the cost. California is banning the sale of internal combustion vehicles (ICVs) in 2035 and other states aren’t far behind. Denver and other Colorado municipalities are already prohibiting new natural gas hookups in much new construction. And building codes in Denver and elsewhere now require all new homes to have provisions for Level 2 electric vehicle (EV) charging built in.
Whether you see this as a good thing or not, it’s part of your future, so why not be ready?
Insulating Your Wallet from Electric Shocks
The most effective way to avoid rising electricity costs is to get off the grid with solar power or other ways of generating your own electricity. But while Colorado is prime territory for adding solar power, that’s not an option for many residents. And even if it is, saving on electricity use can help maximize the benefits of off-grid living.
Other ways to save include:
- Decreasing Air Conditioner Use
Air conditioning is one of the biggest energy hogs during the summer. By following a few simple steps, homeowners can cut their cooling cost substantially.
- Being Smart About EV Charging
Knowing where and when to charge your electric vehicle can save considerably on operating costs. Hint: at home and at night.
- Use Energy-Efficient Appliances and Lighting
When replacing appliances, look for Energy Star models rated for top efficiency. Induction cooktops save energy and are faster and more accurate that either gas or electric burners. And good quality LED lighting saves electricity and lasts longer than tungsten and fluorescent.
- Cut Heating Costs in the Winter
Be sure to winterize your home with proper insulation, door and window seals, and energy-saving practices. Heating, whether gas or electric, is your biggest wintertime energy user. And while electric heating is generally more expensive than gas, dual-function electric heat pumps save energy year-round.
- Take Advantage of Incentives and Rebates
Many government agencies and utilities offer attractive incentives to switch from gas-fired appliances to electric ones. They range from federal and state tax credits to cash rebates for qualifying purchases. And if you’re in the market for an electric vehicle, big incentives are available, at least for a while. Here’s a look at some incentives available in 2023 and beyond.
Allstar Electrical Services is committed to helping you enjoy your home at the lowest possible cost. Our extensive residential services are there to help you reach that goal. Visit our website to learn more. Then email us or give us a call at 303.399.7420 to schedule an appointment.