Solar Energy Minute: Why Energy Costs Are Rising

WASHINGTON (7News) — In this edition of the Solar Energy Minute on Good Morning Washington, Solar Energy World advisor Wyatt Everhart joined us to discuss the latest developments in energy policy—and what they mean for local homeowners.

Everhart noted that while there has been much discussion about shifting energy policy and new plant construction, the reality is that electricity costs are continuing to climb. Building new natural gas facilities can take up to five years, and several large-scale solar and wind projects have recently been canceled. At the same time, demand remains strong, particularly with the growth of AI data centers around the D.C. region. The result is simple: less supply and higher costs.

For homeowners, that means considering long-term options is more important than ever. Everhart emphasized that without making a shift to alternatives like residential solar, families could end up paying thousands of dollars more in utility bills over the next five years compared to the savings solar energy can provide.