Energy Efficiency Still Costs Less Than U.S. Renewables, Delivering $790 Billion in Savings Since 1990
- Jan 12, 2019 12:23 am GMT
Even with renewable energy costs plummeting, energy efficiency is still the least expensive source of energy services in the United States.
That’s the conclusion the American Council for an Energy-Efficient Economy reaches in a recent commentary, responding to a renewables cost assessment by the financial advisory firm Lazard.
Although costs vary by region, “ACEEE research published this summer shows that energy efficiency programs cost utilities, on average, about 3.1 cents per kilowatt-hour nationally,” writes ACEEE Senior Director for Policy Maggie Molina. “The average cost of efficiency to utilities is still generally less than that of wind or utility-scale solar. And overall, energy efficiency and clean energy continue to come in at a lower cost per kilowatt hour than more traditional resources.”
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