New: Time Of Use Billing in Colorado
Understand and Avoid Excessive Time of Use Billing Charges with Solar Energy
New time of use billing is coming to Colorado. The on-peak hours, mid-afternoon to evening will be charged the most expensive rates, between 1.5 to 3 times per kwh. And the highest of these rates being in the summer. Now more than ever is a time to consider becoming energy independent to mitigate these changes and keep you money in your pocket book.
Here are the important details of Time of Use Billing
- The first 31000 customers are already enrolled in time of use billing and remainder will be enrolled between now and 2025
- You will see a new electric meter on your home
- On peak hours are between 3pm and 7pm. Mid-peak is between 1 and 3pm. And off peak hours are before 1pm and after 7pm plus weekends and holidays.
The on peak hours will be up to 27.9 cent per kwh in the summer. Summer also happens to be the most productive time for solar energy. So, folks with solar energy can see not only their power bills decrease but also their return on investment increase with time of use billing.
Contact us today to see if solar is the right fit for your home!