Connecticut's Energy Efficiency Programs Fuel Job Creation and Economic Growth
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Every dollar invested in energy efficiency generates $7 back into Connecticut's economy, according to the 2017 Programs and Operations Report released by the Connecticut Energy Efficiency Board (EEB). The energy efficiency improvements made in 2017 will save Connecticut homeowners, renters, cities and towns, and businesses of all sizes more than $841 million over the life of those measures.
Last year's results prove that energy efficiency works for Connecticut," said Taren O'Connor of the Office of Consumer Counsel and Chair of the Connecticut Energy Efficiency Board. "The savings are used by residents to support household expenses. It helps businesses and municipalities pay local salaries and be more competitive, and overall, it contributes to the quality of life in our state. Unfortunately, the state budget passed in October 2017 diverted approximately 33 percent of the customer-funded programs, which will have harmful consequences for future economic growth and job creation in Connecticut."
The state's energy efficiency programs and services are supported by customers through a small charge on electric and natural gas bills, marketed under the statewide brand Energize Connecticut, and provided by Eversource, United Illuminating, Southern Connecticut Gas, and Connecticut Natural Gas.
"Energy efficiency is our lowest cost fuel; in other words, it is a low-cost substitute for new generation," said Connecticut Department of Energy and Environmental Protection Deputy Commissioner Mary Sotos. "It is more important than ever that we protect these vital programs, as they not only drive economic growth but also contribute to a healthier and cleaner state environment."
In 2017, these programs and services achieved the following results:
For more information on Connecticut's customer-funded energy efficiency programs and services, as well as 2017 results, please visit EnergizeCT.com/2017-Annual-Legislative-Report.