Welcome to
The CHERP Network:

Driving Energy Efficiency
and Economic Recovery

What is the Economic Significance of Energy Efficiency and Renewable Energy?

Energy efficiency is a global issue, both environmentally and economically. While oil prices rise demand for eletricity grows, and many are under the assumption that there's little we can do about it; we can only look at our energy bills and wince. But that, of course, isn't true. In fact, homeowners in the U.S. have the opportunity to make quite a difference in their energy spending, and it doesn't have to be difficult.

To gain some perspective, let's look at the national statistics:

Buildings account for -

  • 77% of electricity consumption
  • 49% of energy consumption
  • 47% of greenhouse gas emissions

Residential buildings account for -

  • 22% of energy consumption

These numbers make it clear that a legitimate effort in bettering our energy usage must include homeowner participation. Unfortunately, so many people are deterred because 'energy efficiency' has been labelled expensive in our country. That association was likely born from the high costs of renewable energy sources like solar and wind, which have become trademarks of the green energy movement. But we don't have to make big investments to improve our carbon footprint, or save on those energy bills.

Air sealing, for example, is an extremely effective method for improving home efficiency, and it often yields a great ROI. But that's just one option, there are many other steps you can take: replacing old insulation and windows, or investing in a new furnace or ventilation system. The list goes on. Efficiency doesn't have to happen overnight, getting there is a process that's as gradual as you want it to be. If you're having trouble finding where to start, consider an energy assessment; it can give telling details about your home's energy consumption, and help prioritize the options available to you.