Natural Health

Healthy living, herbal remedies and DIY natural beauty.

Better Incentives Would Drive Energy-Efficient Home Improvements, Study Finds

3/7/2011 2:17:33 PM

Tags: energy efficiency, energy efficiency incentives, Shelton Group, energy consumers, , Robyn Griggs Lawrence

Robyn Griggs Lawrence thumbnailAmericans need better financial incentives if they’re to make energy efficiency home improvements, according to a new Shelton Group study. The national study, Utility Pulse 2010, asked1,032 homeowners and renters in the United States about their savings expectations for energy efficiency programs and what incentives motivate them to invest in energy efficiency products. Not surprisingly, saving money was the biggest driver for energy-efficient home improvements.

Overall, 84 percent of homeowners and 73 percent of renters made at least one low-cost, energy-efficient change, such as replacing incandescent light bulbs and installing weather stripping, to their current homes in the last 20 years. Of the roughly 830 people who undertook an energy-efficient improvement or purchase, 23% did so with a rebate or financial incentive. Utility bill reductions from energy efficiency improvements did not meet about one-quarter of respondents’ expectations, but 44 percent of unsatisfied consumers still believe they should make more improvements. About 17 percent had participated in an energy assessment, and 73% of those who carried out the assessment’s recommendations were satisfied with their resultant lower utility bills. The tipping point for bill-reduction satisfaction is investing in five energy efficiency home improvements of any kind, the study found.

“Utilities, manufacturers and retailers are going to have to step up their incentives – and get a lot more creative and targeted in marketing energy efficiency,” said Suzanne Shelton, president of Shelton Group, who added that utilities must expand existing energy-efficiency programs, as well as provide increased financial incentives tailored to different types of consumers.

velux skylight 

Installing Velux skylights is a way to save energy and money. Photo courtesy Velux 

 

 

 

 

 

 

 

 



Related Content

Groupon for Greenies: A Site to Save You Money

Green America offers savvy shoppers daily discounts--and reassurance that they're buying green--thro...

Success on the Horizon for Lowering Energy Consumption

The future looks bright as long as the United States can follow its current energy efficiency progra...

Different Incentives

Incentives for renewable energy vary widely from state to state. Find out what incentives are availa...

Does the State of Texas Offer Any Incentives for Solar Energy on a Private Home?

Here's how you can find out what financial incentives are available for purchasing solar panels, or ...

Content Tools
RSS




Post a comment below.

 










Subscribe Today - Pay Now & Save 66% Off the Cover Price

First Name: *
Last Name: *
Address: *
City: *
State/Province: *
Zip/Postal Code:*
Country:
Email:*
(* indicates a required item)
Canadian subs: 1 year, (includes postage & GST). Foreign subs: 1 year, . U.S. funds.
Canadian Subscribers - Click Here
Non US and Canadian Subscribers - Click Here

Lighten the Strain on the Earth and Your Budget

MOTHER EARTH NEWS is the guide to living — as one reader stated — “with little money and abundant happiness.” Every issue is an invaluable guide to leading a more sustainable life, covering ideas from fighting rising energy costs and protecting the environment to avoiding unnecessary spending on processed food. You’ll find tips for slashing heating bills; growing fresh, natural produce at home; and more. MOTHER EARTH NEWS helps you cut costs without sacrificing modern luxuries.

At MOTHER EARTH NEWS, we are dedicated to conserving our planet’s natural resources while helping you conserve your financial resources. That’s why we want you to save money and trees by subscribing through our earth-friendly automatic renewal savings plan. By paying with a credit card, you save an additional $5 and get 6 issues of MOTHER EARTH NEWS for only $12.00 (USA only).

You may also use the Bill Me option and pay $17.00 for 6 issues.