The cost of electricity is growing higher each year, meaning your bills will just keep climbing. In Colorado, the increase in average electricity rates between 2021 and 2022 is 7.5 percent.
So how is this affecting your electricity bill?
Every home and family uses a different amount of energy, and it can vary a lot depending on the season too. Colder months require more heat, warmer months require A/C, and spring and fall are always up and down.
Our calculations show the average electric bill in Colorado. Keep reading to see how you rank among other homes!
The Average Electricity Bill in Colorado
If you’re living in Colorado and wondering: why is my electricity bill so high? then you’re not alone. The average electricity rate has grown from 12.61 cents per kilowatt-hour in 2021 to 13.63 cents per kWh in 2022.
The U.S. Energy Information Administration claims that in 2020, the average household uses 893 kWh of energy each month. This includes your always-running refrigerator, your HVAC system, your laundry, lights, television, etc.
Following these average rates, we can calculate that a monthly bill would cost about $121.72.
Yearly, you’d be paying around $1,460.59.
How Can I Lower My Electricity Bill?
There are many ways that you can be more conscious of the energy you’re using within your home. Some are more impactful than others, though.
One that we were always told when growing up was to turn off the lights in the rooms you’re not going to be in. In sunnier climates like Colorado, the lights are on for around 6 hours a day. Depending on the light bulbs you have (hopefully energy-efficient ones!) lights use up 65 kWh of your monthly energy usage.
So keeping unnecessary lights off can help lower that bill, although not by a drastic amount.
Another helpful tip is to invest in energy-efficient appliances. Since your refrigerator is always running and you likely use your stove, oven, dishwasher, and laundry units often, make sure that these use the least amount of energy as possible.
The same goes for your HVAC system, which keeps your house at a comfortable temperature. In the summer months, open your windows in the early mornings and nights to help cool the house down. In the winter, set your thermometer one to two degrees lower and bundle up in something comfortable!
One of the biggest ways to offset your energy costs doesn’t come from these lifestyle changes though. Instead, it’s investing in solar power.
The upfront cost of installing solar panels can be daunting, but the return on investment is 100% in less than five years. You can lower your electricity bills and your carbon footprint at the same time!
Before the costs of traditional electricity usage becomes astronomical, look into solar power for your home. Discover more on the most abundant energy source on Earth!
Lower Your Monthly Electricity Bill Payment
Stop being surprised by how much your average electric bill in Colorado is. Instead, be surprised by how much you can save by switching to solar power!
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