You can lower your SRP electric bill by implementing energy-efficient practices and technology in your home. This can reduce your utility electricity bills by about 5% to 30% annually.

Your savings are the result of reducing energy demand. This means that homeowners can directly reduce electricity usage by installing efficient appliances and preventing energy lost as heat by improving insulation.

Homeowners spend the most on electricity and lighting, water heating expenses, and space heating. These technologies are the most promising areas for reducing energy consumption. It is often hard for a layman to discern which area is responsible for wasting a lot of electricity and what actions to be taken.

We recommend hiring an experienced energy auditor to maximize energy efficiency and save a lot of money on energy usage.

Will power prices rise?

There are other exogenous factors other than the demand and supply for electricity that have a strong influence on power prices. We should consider such factors as we strive to lower the SRP electric bill.

A lot of changes in the market for fossil fuels have played a large role in determining the price movements for electricity. Environmental regulations can affect the future prices of electricity bills.

Saving money with community solar energy

Community solar energy is an excellent way to save money. This is a better way for homeowners than saving money with rooftop solar panels. You can save about 15% on your bills by getting credits by joining a solar farm project in your local area.

Most subscriptions don’t involve upfront costs with community solar. It also guarantees savings and allows you to cancel whenever you want without incurring penalties. This is an effective way to lower your SRP electric bill without compromising your comfort.