PSEG Long Island is celebrating its residential and commercial customers on Energy Efficiency Day (Oct. 2, 2019).
Through the company’s energy efficiency and renewable programs, customers have saved more than 1.8 billion kilowatt-hours (kWh) of electricity since Jan. 1, 2014. That’s the equivalent of powering nearly 150,000 Long Island homes for an entire year.
“Our energy efficiency programs and policies are saving our customers millions of dollars on their electric bills, lowering their energy usage and contributing to decreasing their carbon footprints,” said Michael Voltz, director of energy efficiency and renewables, PSEG Long Island. “In the past five and a half years, PSEG Long Island has invested more than $430 million in energy efficiency programs and our customers are reaping significant savings.”
One-way customers are saving is by purchasing Energy Star-certified products. From Jan. 1, 2014 to Sept. 30, 2019, residential customers purchased more than 21 million Energy Star light bulbs and fixtures with the help of PSEG Long Island incentives.
Compared to incandescent lighting, a single LED bulb will save a household nearly $230 over the lifetime of each bulb. By installing just five Energy Star-certified LED bulbs in the most frequently used lighting fixtures in a home, it’s possible to save nine percent on energy costs annually.
Between 2014 and today, residential customers:
· Have taken advantage of more than 121,211 rebates on ENERGY STAR-certified washers, dryers, refrigerators, dehumidifiers and more.
· Scheduled more than 25,450 in-home energy assessments or completed one online.
· Recycled more than 20,000 appliances, including old working refrigerators, freezers, room air conditioners and dehumidifiers.
· The result is a savings of more than one billion kWh since Jan. 1, 2014, averaging out to approximately $177 million in savings per year for residential customers.
Commercial customers have saved more than 600 million kWh and an average of $108 million a year on their collective electric bills since Jan. 1, 2014. Small, medium and large businesses on Long Island and in the Rockaways have qualified for rebates on more than 21,060 completed energy efficiency projects, which include upgrading lighting fixtures and bulbs to more energy efficient LEDs.
The more than 1.8 billion kWh is the total of energy savings for residential and commercial customers combined over the five and a half years.
Independent annual evaluations by the consulting company Opinion Dynamics Corporation have found PSEG Long Island’s Energy Efficiency and Renewable Energy programs generate energy savings that are cost-effective. In 2018, Opinion Dynamics found that the PSEG Long Island Energy Efficiency Program generated $2 in benefits to the utility and its customers for every $1 in costs to operate the program, including rebates.