Have you heard Central Hudson rates are going up in 2024?
Central Hudson has announced that their rates will be increasing when their current rate plan expires in June of next year. If their proposed new rate plan goes through, average residential electric bills will increase by approximately 16% and natural gas bills by 19%. That’s a huge difference, especially when you consider rates will only continue to increase from there over the years.
You can avoid rate hikes like this by going solar now. Going solar provides you with control and predictability because your payment will never go up. When you purchase a solar electric system, you lock in the rate you pay for electricity, and you’ll have a fixed monthly payment, with each payment getting you closer to owning your solar outright (and ditching a monthly bill all together).
With utility power, on the other hand, you’re stuck in an agreement where the rules (and prices) can change at any time. As long as you need power, you are going to have to pay them for it, at whatever rate they want to charge you. So why not get in a contract where you know what you’re paying, and in the end, you don’t even have a monthly payment at all?
