How Con Edison’s Hike Could Spark a Commercial Solar Boom
Rates to rise.
Con Edison has proposed significant rate increases for 2026, seeking an average 11.4% hike in electric bills and a 13.3% rise in gas bills starting January 1, 2026. The utility aims to generate an additional $1.6 billion for electric infrastructure and $400 million for gas system upgrades. These funds are intended to support clean energy investments and enhance system reliability to meet growing demand from building and transportation electrification, as well as new developments. The proposal has initiated an 11-month review process by the New York State Public Service Commission, which will include public hearings and input from various stakeholders. Con Edison also plans to expand its Energy Affordability Program to assist low-income customers.
This rate hike could have mixed implications for commercial solar in New York State. On one hand, higher electricity costs may drive more businesses to consider solar energy as a cost-saving alternative, boosting demand for installations. On the other hand, if increased utility spending on grid infrastructure leads to higher interconnection costs or policy changes that reduce incentives, solar adoption could face new hurdles. The long-term impact will depend on how regulators and utilities balance rate increases with support for renewable energy deployment.
Time to act fast.
Building and commercial real estate owners looking to invest in solar should act quickly before potential policy shifts or increased grid fees make it more expensive to go solar. Current incentive programs, tax credits, and net metering policies may not remain as favorable in the future, especially if utilities push for rate structures that limit financial benefits for solar customers. Moving forward with installations now allows businesses to lock in savings and maximize returns before regulatory changes take effect.
Please email us or call (855) 786-3329 to set up a free onsite solar consultation to learn how to take advantage of the current energy conditions.