Colorado ranks high in energy efficiency Email
Wednesday, October 22, 2014 02:14 PM


Colorado is the seventh most energy efficient state according to WalletHub, a leading personal finance social network, which conducted research in light of October being National Energy Awareness Month. WalletHub measured the energy efficiency of cars and homes in 48 states.

Colorado’s high ranking placed it seventh among 48 states that were ranked – two were excluded due to data limitations. More energy efficient states preceding Colorado include in descending order, Vermont, New York, Wisconsin, California, Rhode Island and Minnesota. Colorado is ranked high for being both most energy efficient and least energy expensive.

Energy constitutes one of the biggest expenses for consumers with the average American household spending more than $2,200 a year on energy bills. Almost half of that cost goes to heating and cooling expenses.

For the entire country, energy plays a key role. Besides having an impact on our environment, it is essential to national security and prosperity. And the economic implications are great. A McKinsey & Company report estimated that a $520 billion initial investment on energy efficiency measures could save the economy more than $1.2 trillion. In addition, annual greenhouse gas emissions could potentially be reduced by 1.1 gigatons — “the equivalent of taking the entire U.S. fleet of passenger vehicles and light trucks off the roads.”

Read more in this issue of Colorado Green NOW:
What you told us about 2014 buying trends
It all comes down to condos
Are customers different post-recession?
Cara Doyle: women's roundtable has lasting effects

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