STUDY: Obama’s Energy Efficiency Rules Cost 2.5x More Than They Saved

The Obama administration’s stimulus program spent more than twice as much money paying for energy efficiency audits for homeowners than the audits generated in savings, according to new research.

Researchers found the Energy Department’s Energy Efficiency and Conservation Block Grant program paid experts to audit homes to find ways to make them more efficient, but the program almost never achieved the energy savings government planners projected.

The program, created as part of the 2009 stimulus bill, did not generate the expected savings or significantly reduce energy use. The measures were projected to save 2.5 times more financial value than they actually did.

“This study confirms past studies finding that the costs of some residential energy efficiency programs exceed their benefits,” Dr. Michael Greenstone, director of energy at the University of Chicago who co-authored the research, said in a research summary….

Source: STUDY: Obama’s Energy Efficiency Rules Cost 2.5x More Than They Saved |

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