Jamie Fine is an economist with EDF who recently completed a study about the costs and benefits of energy efficiency investments in Texas. Read the summary.
Old wisdom says don’t spend a dollar to save a dime. Even better? Spending dimes to save dollars. There’s a real opportunity in Texas for every home and business to spend dimes on energy efficiency to save dollars and to combat climate change at the same time.
I recently helped develop a computer model that tells us how much money Texas residents and businesses can save through energy efficiency, and the results were impressive.
With just a handful of simple efficiency investments, Texans could save more than $15 billion by 2030 – this is $760 per year for an average household and $11,000 per year for an average commercial building.
But implementing energy efficiency measures provides more than cash in the pockets of hard-pressed households and small businesses, it fights climate change too. If these same measures are used broadly throughout Texas on existing and new buildings between 2010 and 2030, they will avoid over 760 million metric tons of global warming pollution from the electricity sector.
So what’s the next step? Read More