2015’s Most and Least Energy Efficient States
WalletHub, October 2015. Image credit: geralt
Energy is expensive. It’s one of the biggest household expenses for American consumers, who, on average, spend nearly $2,000 a year on energy bills. About half of that pays just for heating and cooling.
But energy has much broader implications on the national economy and the environment. According to a McKinsey & Company report, an estimated $520 billion initial investment on energy efficiency measures could save the economy more than $1.2 trillion in the future and potentially reduce annual greenhouse gas emissions by 1.1 gigatons — “the equivalent of taking the entire U.S. fleet of passenger vehicles and light trucks off the roads.”
In order to bring awareness to the impact of energy on our wallets and encourage Americans to conserve more, WalletHub measured the efficiency of car- and home-energy consumption in 48 U.S. states. Due to data limitations, Alaska and Hawaii were excluded from our analysis. You can find the results, our detailed methodology and additional expert commentary below.