{"id":11926,"date":"2025-03-12T17:34:52","date_gmt":"2025-03-12T17:34:52","guid":{"rendered":"https:\/\/www.solar.com\/learn\/?p=11926"},"modified":"2025-03-12T17:38:37","modified_gmt":"2025-03-12T17:38:37","slug":"con-edison-electricity-rates-are-rising","status":"publish","type":"post","link":"https:\/\/www.solar.com\/learn\/con-edison-electricity-rates-are-rising\/","title":{"rendered":"Con Edison Electricity Rates Are Rising \u2013 Here\u2019s How Solar Can Help"},"content":{"rendered":"

Con Edison, a major utility company serving New York City and Westchester County, has proposed substantial electricity rate increases<\/a> set to take effect on January 1, 2026.\u00a0 The proposed Con Edison electricity rates would result in an 11.4% increase in the average electricity bill.<\/p>\n

If approved, a homeowner whose current average bill is $200 would see their electricity costs rise by $23 per month or nearly $275 per year. That’s in addition to the 13.3% proposed increase to the average Con Edison gas bill.<\/p>\n

With Con Edison electricity rates much higher than the national average \u2014 and rising sharply in 2026 \u2014 many New Yorkers are in a position to see significant savings by going solar. With the fate of the 30% federal solar tax<\/a> credit uncertain beyond 2025, now is the best time to lock in a low, flat cost for solar power.<\/p>\n

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Why Is My ConEd Bill So High?<\/strong><\/h2>\n

ConEd electricity bills fluctuate throughout the year based on weather, electricity usage, and market conditions. For instance, bills tend to be higher in the summer due to power-hungry air conditioners and in the winter when the price of natural gas (used to generate most of NY’s electricity) increases.<\/p>\n

There’s also a general trend of Con Edison electricity rates rising over time<\/a>. A customer with an average bill of $175 per month in 2022 would pay $225 per month in 2026, if the proposed rate hikes are approved. That’s $50 more per month or $600 more per year for using the same amount of electricity.<\/p>\n

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The rationale behind these 2026 increases is to fund $1.6 billion in investments in clean energy initiatives, infrastructure upgrades, and expanded support for low-income customers. However, these added costs place a significant burden on households already managing tight budgets.<\/p>\n

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How Rooftop Solar in NY Can Lower Your Energy Costs<\/strong><\/h2>\n

Investing in rooftop solar panels gives you control over your electricity cost by replacing your Con Edison electricity bill with a flat payment for solar that won’t rise over time. This can lead to substantial savings \u2014 especially with New York’s favorable incentives and solar policies<\/a>.<\/p>\n