Report: Focus on Energy Fuels Economic Growth in Wisconsin

Report: Focus on Energy Fuels Economic Growth in Wisconsin

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.

Highlights of the 2018 Renewable Energy Summit

Highlights of the 2018 Renewable Energy Summit

There was a palpable sense of excitement and our largest crowd ever (330 attendees), for our 7th Annual Renewable Energy Summit held January 18th.  This year’s Summit, “Connecting to a Powerful Future,” included NextEra Energy Resources as a Presenting Sponsor.

Wind energy is coming back to Wisconsin as evidenced by the 2017 addition of Quilt Block Wind Farm, which was awarded the Renewable Energy Project of the Year.

Solar energy had its best year ever – for the 3rd consecutive year.  The total amount of solar power capacity in Wisconsin has grown to 80 megawatts, enough to power over 10,800 Wisconsin homes.  That’s up from 42 megawatts twelve months ago and 25 megawatts the year before that.

Our panel of utility executives and our solar industry speakers described the growth in solar, and the future opportunities on the horizon.

And biogas, which has struggled in recent years, is finding new opportunities.  Dane County Executive Joe Parisi described the county’s plans to transform their landfill from electric generation to gas injection to a pipeline, and how it will also facilitate local biodigesters to do the same.

Bringing home our theme of “Connecting to a Powerful Future,” we learned how to improve our clean energy communications from Jane Bloch of Tusculum Consulting.  Jane’s specialty in conveying the benefits of clean energy to broad audiences will help all of us continue to expand renewable energy in Wisconsin.

We also named John & Mary Frantz of Madison and Cal & Laurie Couillard of Deerfield Renewable Energy Champions for their support and philanthropy which enables RENEW Wisconsin to continue growing.  John & Mary have been matching donors to our Ride with RENEW bicycle events, and Cal & Laurie founded Solar for Good to help Wisconsin mission-driven nonprofits “go solar.”

Our exhibition hall had 27 vendors, our most ever, and the networking was consistently described by many attendees as “excellent.”

Please check out the presentations from the day and photos of the event, and plan to join us at next year’s event!

Also, we encourage you to check out the media coverage of the day:

RENEW Wisconsin: Big Increase in Solar Energy Expected in Next Few Years (Chuck Quirmbach, Wisconsin Public Radio, January 18, 2018)

Cost-Effectiveness of Solar, Other Renewables Expected to Keep Growing (Alex Moe, WisBusiness.com, January 19, 2018)

 

Thank you to our 2018 Summit Sponsors!