Evergy Rate Increases in Missouri: What It Means for Homeowners
As of January 1, 2025, Evergy customers in Missouri are facing a significant rate increase of 13.99%, a change officially approved in December 2024. For the average customer with a $200 monthly electric bill, this translates to paying an additional $27 per month, or $324 more annually. Combined with the switch to a Time-of-Use (TOU) pricing structure last year, this marks one of the most aggressive pricing increases in Missouri’s history—and among the most significant in the nation. This news has sparked concern among residents but offers a unique opportunity for those considering solar energy.
Understanding the Rate Increase
The Missouri Public Service Commission (PSC) approved Evergy’s rate adjustments after months of deliberation. The rate hike of 13.99%, combined with the TOU structure, means that customers are not only paying more overall but also facing higher costs during peak electricity usage hours. While several groups, including the Citizens’ Utility Public Counsel (CUPC), filed appeals against the rate hike, all appeals were denied due to missed deadlines. This decision underscores the importance of regulatory timelines and ensures that the new tariffs officially took effect at the start of 2025.
Time-of-Use Pricing Explained
TOU pricing means that electricity costs vary depending on the time of day, with higher rates during peak demand periods. For Evergy customers, this means that running appliances, charging electric vehicles, or heating and cooling homes during high-demand hours can result in significantly higher bills. The shift to TOU pricing places a greater burden on households that may not have the flexibility to adjust their energy consumption patterns.
Why This Matters
For traditional electricity users, the increased rates and TOU structure mean higher energy costs and more complexity in managing utility bills. Households already struggling with rising utility expenses may find it even harder to manage monthly costs. However, for those considering renewable energy options like solar, the landscape has become much more favorable.
A Bright Spot for Solar Energy
The higher electricity rates, coupled with decreasing interest rates, make solar energy more affordable and attractive than ever. Here’s why:
Cost Savings: With utility bills rising and TOU pricing in place, solar energy offers a way to lock in lower, predictable energy costs for decades. By switching to solar, homeowners can eliminate their dependence on fluctuating electricity rates.
Inflation Reduction Act Incentives: The federal government’s Inflation Reduction Act continues to provide a 30% Investment Tax Credit (ITC) for solar installations, making it an excellent time to invest in renewable energy.
Avoiding Peak Pricing: Solar energy systems combined with battery storage allow homeowners to use stored power during peak hours, avoiding the higher costs associated with TOU pricing.
Long-Term Benefits: Missouri homeowners who install solar panels can take advantage of a 25-year warranty on equipment and labor, ensuring reliable, cost-effective energy for years to come.
Why Helio GreenTech?
At Helio GreenTech, we specialize in helping Missouri residents transition to solar power. Our NABCEP-certified team and industry-leading equipment, including Enphase inverters and VSUN solar panels, ensure maximum efficiency and durability. Plus, with a 25-year warranty that covers everything from labor to materials, you can trust us to provide a worry-free solar experience.
Make the Switch Today
The new electricity rates and TOU pricing structure are here to stay, and the time to act is now. By choosing solar energy, you can avoid rising utility costs, increase your home’s value, and contribute to a cleaner, greener Missouri.
Contact Helio GreenTech today to learn how you can take control of your energy future. With rates going up and TOU pricing adding complexity, there’s no better time to go solar.
