promote energy efficiency and reduce costs
Conserving Energy is a critical component of building an efficient home. According to appendix F of the state CEQA guidelines, the primary objective of conserving energy means the wise and efficient utilization of energy including reducing reliance on fossil fuel and decreasing reliance upon electricity derived from coal, oil, nuclear, or petroleum sources. The purpose of the CEQA is to promote energy efficiency and reduce costs associated with energy consumption. In many parts of the world, it has become a critical matter for both home and business owners.
The first two lowest income groups – renters and homeowners – are the primary targets of energy efficiency initiatives. Homeowners can take a variety of measures to reduce their expenses related to energy consumption. For example, passive solar energy investments can provide a substantial savings in the long-term. Passive solar energy systems can include roofs with Hazing and other measures to reduce heat transfer from the residence to the outside environment. The long-term goals associated with these investments are not immediately noticeable, but over the coming years, savings will become noticeable.
evaluating Conserving Energy KPI
A key performance indicator (KPI) to use in measuring the progress of Conserving Energy involves the measurement of energy consumption over the one-year expected life-cycle cost. When evaluating Conserving Energy KPI, it is important to consider the average annual amount spent on energy throughout the year. The expected life-cycle cost for solar energy investments is approximately one-half years. The KPI can be calculated by multiplying the number of months of energy use per year by the average number of months per year.
As the world continues to face the energy crisis, more consumers are seeking methods of reducing their utility bills. Many organizations have formed to advocate for greater investment in conserving energy, and consumers are beginning to rally behind these efforts. As the government offers incentives for changes in energy consumption, consumers will begin to look for additional ways to save money and contribute to conservation efforts. Consumers may be reluctant to commit to large-scale changes in their daily lifestyle, but a significant amount of savings can be realized when additional energy saving equipment is purchased. Conserving Energy KPI can help guide consumers towards making these changes.
Consumers are becoming increasingly aware
The primary driver behind the Conserving Energy KPI is the fact that the present day market is currently saturated with energy providers that offer competitive pricing on Energy Plus plans. If current trends continue, there will not be additional incentives available to consumers to change their electricity usage habits. If the prices of oil, natural gas, and coal continue to increase, it may take several years for energy companies to recover their costs. While it appears as though the price of oil is rising, most experts agree that the price increases will be gradual and only temporary. Once oil prices return to more reasonable levels, consumers will once again be able to obtain the same level of protection from high utility bills that they currently enjoy.
Conserving Energy KPI can also assist consumers in understanding the current state of their energy use and how the price increases that have occurred over the last several years are impacting consumer behavior. Consumers are becoming increasingly aware of the environmental impacts that their daily energy consumption is causing. A major factor contributing to Conserving Energy KPI is education, as many consumers have not been well-informed about recent energy price hikes and increased conservation efforts. Awareness of Energy Plus programs and how the utility companies are responding to them help consumers make responsible buying decisions. Conserving Energy KPI can help point consumers in the direction of conserving electricity, rather than trying to conserve energy at the expense of overall health and safety.