Keeping a tree lit will be more expensive this holiday season for many households.
That’s because electricity rates in 10 states spiked 15% from July 2024 to July 2025, and more increases are likely on the way, according to the National Post.
It’s a scenario that highlights the value of energy independence at home, made possible with solar energy.
What’s happening?
It has been widely reported that electricity rates are rising faster than inflation. The Post said that customers in Illinois, Indiana, Iowa, Massachusetts, Michigan, Minnesota, New Jersey, Ohio, Pennsylvania, Wisconsin, and Washington, D.C., are among those who have experienced the highest spikes.