Invest in Energy Efficiency on a Grand Scale
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Submitted by EFC Team on March 18th, 2009

States are about to receive a massive infusion of stimulus money intended to improve the energy efficiency of their economies.  Investing those funds in a significant effort to make our homes, offices, schools and other buildings more energy efficient could result in short-term job creation and long-term economic and environmental benefits.

The article notes:

“Eliminating waste by achieving energy efficiency is by far the cheapest way of producing new energy supply. Achieving efficiency savings cost 3 to 4 cents per kilowatt-hour, compared to 8 to 10 cents per kilowatt-hour for electricity generated from a new power plant. In California, which has three decades of experience running efficiency programs, two dollars of economic benefits are generated for every one invested in energy efficiency.”

” The key to renovating homes, schools and commercial buildings on a large scale is to mobilize utilities that have long-standing customer relationships with building and home owners as well as technical expertise and access to relatively low-cost capital. Nationwide, states from Nevada and Idaho to Massachusetts and New Jersey are creating new business models for their electric and gas utilities to allow ratepayers and utility companies to share in the savings from energy efficiency.”

Click here to read the entire article.


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