Energy-Efficiency Improvements Might Not Pay Off
A new working paper says government-funded energy-efficiency upgrades could be more expensive than what's saved in energy costs.By Matt Moreno | June 24, 2015
Upgrading your home to be more energy efficient may cost more than it's worth. A study from the University of Chicago and University of California says the benefits may not be as big as you think.
The study focused on the Weatherization Assistance Program, the nation's largest residential energy efficiency program helping about 7 million low-income families since 1976. The program generally helps families get insulation installed, weather stripping laid down or furnaces updated, among other things. (Video via Idaho Power Company)
The problem is, the study says, "The upfront investment costs are about twice the actual energy savings."