Energy Savings and Deregulation in Syracuse, NY
Energy deregulation allows for people to choose a company to supply their power. Before deregulation, the entire supply and distribution of electrical power was very monopolistic. People were given a rate that they had to pay for all of their energy usage, and had no other options.
Benefits of Deregulation
The shift towards deregulation has helped to create competition in the electricity industry. Electric companies now compete for business with other companies in their state, and homeowners have the option to choose the supplier with the best package and price.
The introduction of a competitive market is meant to help homeowners like you to pay a more affordable price for the valuable energy you need for your home. Energy deregulation is different in every state, so below is some information about energy deregulation in NY.
Deregulation in New York
The competition is on- and New Yorkers always love a good competition. What better way than competing for energy savings? That's exactly what deregulation allows alternative suppliers to do. Suppliers now have the opportunity to offer their own terms, prices, and services. You can choose which supplier best meets your needs and move forward with them, instead of your current utility. Some suppliers include, Cheap Electric, Inc.; Columbia Utilities Power, LLC; Entergy Solutions, Hudson Energy Services LLC; and more!
Savings are important because NY ranks as the second most expensive electric cost in the country! It averages between 3 and 7 cents more than the national average.
In addition to deregulation, you can talk with an energy specialist about having a home energy audit performed on your home to show any home efficiency problems. By making some prioritized upgrades or repairs, your usage will go down and you'll know you're only paying for what you need and at a rate you have chosen.
Home Energy Audit
Although energy deregulation can save homeowners money on their monthly energy bills, it is certainly not the only way for them to save! Local energy experts provide home energy savings throughout New York. A great way to start saving is scheduling a home energy audit.
How an Audit Works
During a home energy audit, an expertly trained contractor will perform a series of tests to pinpoint areas in your home where energy loss occurs. After pinpointing the inefficient areas, the energy saving contractor will discuss with you their findings and help you figure out the most effective and efficient way to upgrade your home's overall energy efficiency and comfort.
In addition to saving you money on your monthly energy bills, upgrading your home with energy efficient appliances can earn you tax rebates to further increase your savings! So don't hesitate!
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