Clean Energy Revitalizes Local Economies and Communities
Energy costs have significant impacts on local communities and economies, as energy expenditures are often sent outside the local economy. Energy efficiency can help reduce energy costs, increasing disposable income and enhancing local economic activity.
- For the U.S. as a whole, one dollar of avoided utility bill costs has 2.24 times the effect on domestic employment and wages compared to one dollar spent on utility bills.
- For the U.S. as a whole, avoided utility costs result in 1.16 times the local value-added benefits compared to spending on utility bills.
Pennsylvania has regressed from being a national leader in renewable energy when it adopted the Alternative Energy Portfolio Standard in 2004, to a laggard on clean energy issues when compared with other states. According to the Clean Edge Leadership index, Pennsylvania does not do well when compared to its peers.
- It is ranked 23rd in overall clean energy leadership.
- It ranks 39th in clean technology and 20th in policy.
- Pennsylvania does not break the top ten in installed wind or solar, nor LEED Building deployment. The state is ranked 15th in Capital, which includes human and financial capital, so bringing this potential to bear on commercialization in order to create jobs could improve Pennsylvania’s overall leadership.
American Council for an Energy Efficient Economy (ACEEE), Energy Efficiency and Economic Opportunity Fact-Sheet http://www.aceee.org/files/pdf/fact-sheet/ee-economic-opportunity.pdf