Energy independence is a growing priority for homeowners who value reliability, cost savings, and peace of mind. Rising electricity costs, unpredictable grid outages, and concerns about utility reliability have many searching for solutions beyond traditional energy sources. Instead of feeling at the mercy of fluctuating rates and external disruptions, more households are asking if it […]
Energy independence is a growing priority for homeowners who value reliability, cost savings, and peace of mind. Rising electricity costs, unpredictable grid outages, and concerns about utility reliability have many searching for solutions beyond traditional energy sources. Instead of feeling at the mercy of fluctuating rates and external disruptions, more households are asking if it […]
Every day, the sun bathes the Earth in an astonishing amount of energy—far more than humanity could ever use. In fact, in just one hour, enough sunlight strikes the planet to power the entire world’s electricity needs for a year. Yet for most of history, we’ve relied on fuels buried deep underground instead of tapping […]
Every day, the sun bathes the Earth in an astonishing amount of energy—far more than humanity could ever use. In fact, in just one hour, enough sunlight strikes the planet to power the entire world’s electricity needs for a year. Yet for most of history, we’ve relied on fuels buried deep underground instead of tapping […]
Electricity rates are unpredictable. One year, you’re paying a steady bill, and the next, prices spike due to shifting energy markets, rising infrastructure costs, or new policy changes. Across Canada, homeowners are seeing their energy expenses fluctuate, often skyrocketing when they least expect it. Solar power presents a compelling solution to this instability. With the […]
Electricity rates are unpredictable. One year, you’re paying a steady bill, and the next, prices spike due to shifting energy markets, rising infrastructure costs, or new policy changes. Across Canada, homeowners are seeing their energy expenses fluctuate, often skyrocketing when they least expect it. Solar power presents a compelling solution to this instability. With the […]
Luke Killam is an energy industry expert with more than 20 years of experience in operations, business strategy, and renewables development. Drawing on his industry expertise and analytical mindset, Luke and his team help homeowners compare solar quotes and select the right system to meet their family's needs. GreenKey simplifies the process by vetting providers and offering expert-backed recommendations, ensuring homeowners get the best quality, value, and service. With a background in business statistics and an MBA, Luke is committed to making solar projects seamless and stress-free.
While it’s great to hope for lower costs, national energy demands are rising, and infrastructure upgrades are needed to support increasing populations. Temporary dips may happen, but significant, long-term reductions are unlikely without substantial changes in technology or government policy to drive down production costs.
Electricity prices might seem stable in the short term, but underlying factors—like inflation, infrastructure maintenance, and new technology—make it unlikely that they'll remain unchanged for long. Even if prices hold steady for a while, long-term projections suggest gradual increases to the price of electricity due to rising populations and demand.
Electricity prices are expected to rise due to inflation and the costs associated with increasing populations and demand. Infrastructure upgrades, carbon pricing, and geopolitical factors are also likely to contribute to higher costs. Securing energy independence for your family could help buffer you from rising electricity costs in the future.