Preheat oven to 375℉. Spray a 2-quart baking dish with nonstick cooking spray and set aside.
In a large bowl, combine cream cheese, jalapeños, green chilies, 1 cup shredded cheddar, most of the bacon (reserve 1-2 tablespoons for topping), onion powder, and garlic powder in a large bowl until well combined.
Spread evenly into the prepared baking dish and top with remaining 1/2 cup cheddar cheese and crumbled bacon.
Bake for 15-20 minutes until melted and bubbly.
Serve with toasted baguette slices or crackers.
Notes
To keep warm for serving, consider preparing in a slow cooker. Mix the dip ingredients together in a large bowl then transfer to the crock pot. Cook on HIGH for 1-2 hours, then switch to the warm setting. If adding toppings, cover and cook an additional 15 minutes after adding to melt the cheese,