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Maine is among the 10 most “energy expensive” states in the country, according to finance website WalletHub.com. The site compared monthly energy expenses in each of the 50 states and the District of Columbia and examined the consumption rates and prices of four energy types: electricity, natural gas, motor fuel and home heating oil.
Maine’s total monthly energy cost per household is $341, with almost 32% of that going to heating oil.Mainers spend a higher percentage of their energy dollars on heating oil than residents of any other state, despite having the ninth most affordable home heating oil prices.
Unfortunately, WalletHub reports, “lower prices don’t always equate with lower costs, as consumption is a key determinant in the total amount of an energy bill” and Maine has the nation’s highest heating oil consumption per housing unit.
“This study is actually full of good news,” says Richard Burbank, president and Energy Advisor at Evergreen Home Performance. “If our energy expenses were due to high oil prices, we couldn’t do anything about it. But homeowners have the power to reduce their consumption by improving their energy efficiency.”
Evergreen installs cost-effective energy efficiency upgrades like insulation and air sealing, and Efficiency Maine’s Home Energy Savings Program incentivizes those improvements with rebates of up to $1500.
Interested in cutting your monthly energy costs? Contact us at 594-2244 to schedule your FREE energy consult.