Why is energy such an important driver in economic development?
The Mid-Hudson region’s households spend $2.4 billion on utilities per year ($3,000 for space heating and appliances per household per year). If just 5% savings were achieved through common energy upgrades, the residential sector alone would save $119 million annually.*
Our energy solutions road map: what paths do we pursue?
Every business sector in the Mid-Hudson Region needs energy and incurs energy-related expenses. Operational or mechanical inefficiencies exist in every sector of commerce. Therefore, each sector has significant energy savings opportunities. Energy solutions have powerful cross-cutting benefits for economic development and can often be funded out of net savings realized–making available operating capital for staff and business reinvestment. In a typical community, the business sector’s aggregate utility expenses are about two-thirds that of the aggregate residential sector. On that basis, the Mid-Hudson region’s businesses may spend as much as $1.6 billion on utilities per year, yielding $80 million in easily achievable savings to reinvest. In short, energy efficiency alone could make available $220 million per year or more in private capital for job retention and creation in our seven counties.
Read the Summary: EnergySolutions_Mid-Hudson_RoadMap_2011_10_26_Summary.
