State, Utilities To Expand Efficiency Programs By $2.2B
The state and investor-owned utility companies in Massachusetts will invest $2.2 billion over a three-year period to expand energy efficiency programs in the state.
The initiative is expected to save $6 billion for electric and natural gas customers, according to the state' Executive Office of Energy and Environmental Affairs.
As mandated by the 2008 Green Communities Act, state officials worked with utility companies to determine ways to encourage residents and businesses to adopt energy efficiency programs. Examples of programs include assessments of ratepayers' homes and businesses, incentives to purchase and install high-efficiency equipment, and money for insulation and air sealing.
The initiative also aims to create better outreach through multi-lingual and community-based education.
The effort is expected to triple the number of customers taking advantage of energy-saving programs.
The $2.2 billion initiative will be paid for mostly through existing charges on ratepayer bills and though contributions from the Regional Greenhouse Gas Initiative, a program involving 10 Northeastern states, including Massachusetts, that aims to reduce carbon emissions from utility companies by 10 percent by 2018.
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