Energy Efficiency Pays Best

In some parts of the Northeast, the skyrocketing cost of oil could cause residential winter heating bills to climb as high as $7,000. Oil reached $145 a barrel in late May, and many analysts are predicting $150-200 per barrel oil within two years. With heating oil averaging $4.71 a gallon, natural gas rates headed for a 20 to 30 percent rise. Add that to electricity bills up, some municipalities are shifting to four-day work weeks, and moving aggressively into renewable energy & energy efficiency.Utah made headlines in July by becoming the first to put most state employees on a four-day week of 10-hour days. About one-third of the state’s 3,000 government buildings will be closed on Fridays, with expected savings on heat and air conditioning to hit $3 million a year. Commuters will also save on gasoline. Utah’s Governor Jon Huntsman said, “The reaction from the public has been very much a willingness to give this a go.”Energy efficiency is happening in all sectors. Behavior is changing rapidly in light of higher prices; SUV and light truck sales have dipped 30-60% (depending on the brand) over the last year. Small car sales are up. Total “vehicle miles traveled” dipped for the first time since 1979. Yet, in the 1970s after the oil embargo prompted conservation habits for about a decade, U.S. Americans returned to wasteful ways, as oil prices dropped, ignoring past lessons.The difference this time is that higher prices are prompted mostly by fundamental supply and demand issues. Peak oil production is either already here, or will be sometime between 2010-2015 at the latest. When global peak oil production is reached, prices will be far higher than today’s.In order to lessen our dependence on oil, and keep our economy moving, energy efficiency is essential. This past July, U.S. Secretary of Energy Samuel Bodman met with the energy ministers from the Group of Eight (G8) industrialized countries, plus China, India and South Korea, to discuss ways to enhance global energy security while simultaneously combating global climate change. The G8, which includes Canada, Russia, France, Germany, Italy, Japan, UK and the US, established the International Partnership for Energy Efficiency Cooperation (IPEEC). It states that energy efficiency is one of the quickest, greenest and most cost-effective ways to address energy security and climate change while ensuring economic growth.Meanwhile, financial support for the federal assistance “weatherization” program here in the US, which helps low-income families be more energy efficient, has dramatically declined. President Bush proposed eliminating the program entirely. An Energy Dept spending bill before the Senate, would provide $201 million for the fiscal year beginning in October ($40 million less than was supplied in 2007), while winter heating costs have soared. Bush, and GOP presidential candidate John McCain, and Republicans in Congress have touted drilling as the primary short-term solution to rising energy prices, despite the fact that opening offshore areas to production wouldn’t lower gasoline prices until about 2030 — if it does at all.Currently, the average price for natural gas on the New York Mercantile Exchange (NYMEX) shows an increase of 33% this year. New Jersey customers will pay another 18% based on an increase requested by NJ Natural Gas to take effect this coming October, and another 15% or more expected next year. Between 2002 and 2007, the price of natural gas nearly doubled, according to the NJ Board of Public Utilities (BPU), with corresponding increases in the price of electricity and heating fuels in New Jersey.To address the steadily rising prices of energy, New Jersey created an Energy Master Plan. Its primary goal is to maximize energy conservation and energy efficiency. Reducing energy consumption through conservation and efficiency is the most cost-effective way to help lower utility bills, increase reliability, and lower the state’s contributions to global warming and other air pollutants. Reductions of energy use by at least 20% by 2020, as Governor Corzine has directed, would yield annual electricity savings of 20,000 GWh per year and annual heating savings of 119 trillion BTUs, and result in substantial cost savings, thereby promoting economic growth in the state.Actions to this goal include the following:- Redesign and enhance the State’s current energy efficiency programs in all sectors of the economy to achieve desired results, while remaining cost-effective. This redesign emphasizes a whole-building approach to energy efficiency.
– Increase energy efficiency in new buildings with a statewide building code, which will make new construction at least 30% more energy efficient than buildings under current code by July 2009.The market is willing to pay premiums for Energy Star buildings, says Stuart Brodsky, from the EPA’s Energy Star program, as identified in the CoStar study. “The business case for energy efficiency is indisputable,” he said. Green-built buildings have higher prices per square foot but have lower operating costs. Energy Star buildings are selling for an average of $61 more per square foot than conventional buildings. LEED buildings are selling for an average of $171 more per square foot, the study found. Operating costs are 10-20 percent lower in Energy Star-rated buildings, improving operating income significantly. The study also revealed that green buildings achieve higher rents and have higher occupancies.New Jersey currently offers several programs in the way of incentives for energy efficiency:
Cool & Warm Advantage Programs – Cash rebates for energy efficient heating and cooling equipment (e.g., central air conditioners, heat pumps, furnaces, boilers or water heaters).
New Jersey for Energy Star – Offers rebates on ENERGY STAR clothes washers, room air conditioners and dehumidifiers.
New Jersey Energy Star Homes – Rebates for energy-efficient new home construction that target Smart Growth Areas. Energy Star Homes are at least 15% more energy efficient than conventionally built homes.
New Jersey Comfort Partners – Improves energy affordability for income-eligible households. If you qualify, a contractor will assess the energy savings opportunities and install the measures at no cost. Personalized customer energy education and counseling is also provided.
Home Performance with ENERGY STAR (HPWES), administered by New Jersey’s Clean Energy Program, uses a whole house approach to energy-efficiency, lowering energy costs by up to 30 percent or more. This program covers renovations only, not new construction. Participating contractors are accredited through the Building Performance Institute (BPI), a national resource for building science technology that sets standards for assessing and improving the energy performance of homes.Where To Start
Call in an expert that can show you the “biggest bang for your buck” when it comes to paying for energy efficiency upgrades. A specially trained and certified technician will conduct a Comprehensive Home Assessment, which has two phases.Phase one consists of the technician taking inventory of, and reporting on, the current conditions in your home, including the following:
– Health & safety check (carbon monoxide levels, moisture, and indoor air quality problems)
– Overall comfort level (cold/hot spots, indoor air quality stuffiness/stale odors)
– Air infiltration rates
– Insulation levels
– Heating and cooling systems efficiency
– Domestic hot water system efficiency
– Major appliances
– LightingCertified technicians use a number of diagnostic tools during the first phase of your Comprehensive Home Assessment. Some of the tools they use are:
– Carbon Monoxide (CO) Analyzer: important health and safety tool
– Blower Door: measures the air tightness of a home and assists in identifying areas where air leakage is occurringPhase two consists of contacting a BPI certified contractor to receive pricing on the proposed improvement work. They test carbon monoxide levels and potentially dangerous gases in the home before and after performing energy improvements. You will receive a detailed plan with recommended measures, costs and payback analysis. Many owners use home equity loans to finance the upgrades.Low-interest financing or cash incentives are available through HPWES utilizing participating BPI accredited contractors. These financial incentives are for improvement packages of $2,500 or more. The more energy savings measures you install, the greater the incentive you will receive. A tier system breaks down the incentive level you can receive based on the comprehensiveness of work performed. (Visit http://www.njcep.com, enter “Tier” in the Search field, then select “Financial Incentives.”)Cash incentives range from $250 to $5,000. Or you can choose the low-interest financing option available to help pay for home improvements. The rates are either 5.99% or 3.99% depending on the level of upgrades you install. There are no application fees or closing costs, and the loans do not require a down payment.To participate in this program, first you sign a contract for program-eligible work with a participating BPI accredited contractor. The program requires a copy of the contract before the work starts and provides your contractor with a Work Scope Approval form. Make sure your contractor has received approval from the program prior to starting the work. When the work is finished, your BPI contractor will perform some final testing to make sure the installation went well and that your house is safe and healthy. Then you both sign the Certificate of Completion, indicating the work has been done satisfactorily.If you selected the cash incentive, a check will be sent to you directly. You make arrangements to pay your contractor in full under the terms of your contract. If you choose the low-interest unsecured loan, you apply for it through Energy Finance Solutions (EFS) before the work starts, to make sure you qualify. EFS offers low-interest loans ranging from $2,500 to $20,000. The process is quick. You can call EFS to find out if you pre-qualify for the loan at 1-888-264-4367 or visit http://www.energyfinancesolutions.com. Additional assistance may be available when homeowners meet certain income eligibility requirements.By upgrading your home’s energy efficiency, you’ll increase your physical comfort, save energy, reduce your carbon footprint, and lower your monthly utility bills. Your house will increase its value in the marketplace. For every one dollar you save on energy, you increase the market value by $20 according to EPA studies.Basic Things To Do On Your Own
– Fluorescent bulbs can save up to $30 per bulb
– Low-flow showerheads use just two gallons of water per minute, instead of five or six
– Change furnace/air conditioner filters regularly and unblock and clean ventilation registers
– Seal air leaks around windows with silicone caulk
– Weather-strip around doors
– Hot water heater set at 1200
– Close chimney dampers when not in use!
– Open shades during day in winter, shut at night
– Install a digital thermostat – raise the temperature for summer, lower it for winter,
– Dress for the season, even when you’re indoors

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How Energy Efficient Appliances Will Save You Money

When you plug into today’s energy-efficient appliances, you’ll enjoy huge long-term savings. So, are your appliances at home “green?” No, we’re not talking about the classic avocado green from the 1970s, but green as in eco-friendly and energy efficient.All the discussion and buzz surrounding products that are eco-friendly can sometimes make it hard to distinguish the facts from the “green wash,” but in this article we’ll teach you how energy efficient appliances save money and the best way to shop for them. Realistically, you can expect to pay more up front for efficient appliances, but over the course of time they pay themselves back, and then some.So, what exactly is meant by an appliance that is green? The term “green” is usually applied to energy-efficient appliances, especially those that have been awarded an “Energy Star” rating.Energy Star is a voluntary labeling program that was first introduced in 1992 by the Environmental Protection Agency to identify and promote energy-efficient products. Energy Star labels can now be found on more than 30 product categories and thousands of specific models.Basically, when an appliance is built to be more efficient, it uses less energy. The consumption of less energy results in lower levels of pollution from the output of electricity. They also result in lower power bills each month.Most home appliances that are made today are extremely efficient, but buying an Energy Star model increases that efficiency dramatically. For example, the average Energy Star refrigerator available today is over 150 percent more energy efficient than a comparable unit made in 1980. That’s a big energy savings difference in a relatively short period of time!The one negative to appliances that are energy efficient is that they’re typically sold at a higher cost. For example, vertical-axis washing machine in the mid-price range generally cost around $500 to $600 while a horizontal-axis machine that is more energy-efficient can run above $1000. In many cases, however, the initial higher cost, as noted above, is ultimately offset by the longer-term energy savings.After water heaters and air conditioners, refrigerators and freezers are the next biggest household power gluttons. However, manufacturers continue to make improvements and have designed better compressors, condensers, evaporators and fan motors to cool more efficiently. Models put together since 2001 are over 30 percent more efficient than their 1990s predecessors, thanks to stringent federal standards and Energy Star rating standards.It’s possible to save over $100 or more on your annual electric bill by purchasing an energy efficient model. You’ll save even more each year if you replace older appliances with the newer energy-efficient models. If you buy a high-end refrigerator with a higher efficiency rating, your refrigerator could pay for itself in just 3 short years.When purchasing any energy efficient appliance, always refer to the EnergyGuide label and look for the Energy Star to select the most efficient model. Do your homework first; no matter what color you choose for your new appliance, please just make sure it’s “green.” In so doing, you help the environment, your wallet, and will find the functionality results of each model matches or exceeds its non-efficient counterpart that you used in the past.