WILKOWSKI ENERGY EFFICIENCY PLAN
o There are 130,000 housing units in Toledo. This program assumes that 2/3 of the units, or 86,000 units ,would participate in the program over the course of 10 years.
o The average Toledo homeowner pays a monthly electric bill of $98.14 – a gas bill of $102.24 – total energy bill of $200.38 per month which equals $2,404.56 per year.
o The average cost of making a home more energy efficient is $4,000.
o After installation of improvements, energy consumption drops between 30% and 40%. Using an average of 35%, the homeowner would save $841.59 each year.
o Reducing the annual energy bill from $2404.56 to $1,562.97.
o The annual cost for the improvements amortized over 10 years at 6% interest is $532.92.
o Once completed, the annual savings for Toledo homeowners will be $72,376,740.
o The total cost of the program over 10 years will be $344,000,000.
o Each $1 million expended on the improvements will create 10 construction jobs and 2.5 upstream manufacturing jobs. The total jobs created will be 4,300.
Examples of Energy Efficiency Improvements
• Adding attic or wall insulation.
• Sealing air leaks in the attic and basement and closing interior chase ways and openings.
• Replacing existing inefficient furnaces, boilers, and air conditioners with properly sized ENERGY STAR-qualified equipment.
• Replacing incandescent lighting with efficient compact fluorescent lamps or other efficient lamps.
• Sealing warm-air or air-conditioning ducts in unconditioned spaces.
• Replacing existing hot water tanks with ENERGY STAR-rated hot-water tanks.
• Replacing and properly recycling existing appliances, particularly refrigerators, freezers, and dryers with ENERGY STAR-rated replacements.
• Adding solar thermal hot water.
• Adding space and water heating equipment upgrades that are cost-effective and reduce carbon emissions.