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Aggressive energy efficiency programs, Michigan homes, businesses, and industries could save nearly $7 billion on their electricity and natural gas bills. That’s over the next five years. As well as a whopping $13 billion over the next decade. More noteworthy, this was even said in 2014.
So by taking advantage of cost-effective, energy-saving opportunities analysts say.
That’s huge. In fact, it translates to $1,315 in savings over the next 10 years. All for every man, woman, and child in the Great Lakes State. What’s more, Michigan utility customers would save $2.55 for every $1 invested. Then in their many energy efficiency options. That’s better than a 2-to-1 return!
The analysis performed by GDS Associates found that Michiganders run their homes and businesses using nearly 40 percent less electricity. All by using aggressive energy efficiency programs; thereby making improvements to their building’s performance through upgrades. That’s in areas like lighting, heating, cooling, insulation, and windows.heating, cooling, insulation, and windows.
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Since January 2009, the 10 UC campuses have initiated some 400 projects to improve the efficiency of buildings, in some cases using technology developed by UC researchers. Their goal: Cut energy use, costs and emissions to year 2000 levels by 2014.
Lighting controls are part of the green lighting equation.
The results so far have saved campuses more than $21 million annually compared to what they otherwise would have paid for energy. For a system that uses about 250 megawatts of power a year, about the same as a medium size city, the impact of all the discrete fixes adds up.
When that technical potential was narrowed to take into account real-world barriers things happened. I mean you need to embrace cost-effective energy efficiency measures to get savings over the next 10 years. market penetration is essential. Finally the researchers concluded that lowering electricity use by 17% would be achievable. It will save customers $2.55 for every dollar spent on energy efficiency programs. The benefits for customers add up to $13 billion.
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