Wilkowski Fact Sheet on Energy Efficiency Plan
WILKOWSKI ENERGY EFFICIENCY PLAN
FACT SHEET
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.
A few questions:
1. What percentage of these improvements in each home must be complete to achieve the 30-40% quoted? Also, there are huge gaps in amount saved based on the inefficiency of the original equipment to be factored in.
What if half of these homes are already fairly efficient and we can only count on at most a 15% reduction of their energy costs?
2. Realistically, what percentage of the homes are capable of achieving this level needed?
3. Another area to examine would be the revenue loss numbers for the city, and county based on the fact that as people spend less with our energy companies, those companies income taxes for the city also decline.
June 10th, 2009 at 2:52 pm