Focus on Energy, the state’s ratepayer-funded energy efficiency and renewable energy program, continues to yield dividends for Wisconsin’s economy.
An independent analysis of program investments in 2015 and 2016 shows that energy savings from completed projects generated $208 million in economic benefits and supported about 1,200 jobs annually.
The Cadmus Group, an independent third-party evaluator, found that Focus on Energy achieved a benefit-cost ratio of $3.24 per dollar spent without factoring in broader economic impacts such as job creation. When broader economic impacts are factored into the analysis, the benefit-cost ratio rises to $4.77 per program dollar invested.
Cadmus released its findings in a January 2018 report submitted to the Public Service Commission of Wisconsin, which oversees the Focus on Energy program.
“A $4.77 return on investment shows Focus on Energy is one way Wisconsin encourages economic development and grows its favorable business climate,” said Public Service Commissioner Lon Roberts in a press release dated January 29, 2018.
“When a business saves money by saving energy, it also becomes more globally competitive,” Commissioner Roberts added.
For more information, view the full report or executive summary on Focus on Energy’s website, www.focusonenergy.com.