The Mystery of Energy Efficiency

Would you put money into a savings account and never withdraw it? That’s actually similar to what most Massachusetts utility customers end up doing when it comes to paying their electricity bill. Here is the scoop: Not that long ago, I was having my home insulated and it seemed miraculous that out of a $5,000 job, all I had to pay was less than $1100.  On top of that, I got about 20 free LED bulbs that are reducing my electricity bill noticeably. I found myself marveling about these incentives to a friend: “The utility companies seem to be shelling out thousands of dollars to their customers. There seems to be lots of money in Massachusetts for energy efficiency.” The reply came quickly: “Well, it’s really not a miracle. The state makes sure that the utilities add a surcharge on every household’s electric bill and that money is handed back to customers in the form of energy efficiency audits and improvements or assistance...
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