Table 1: Economic and Employment Impacts of Energy Efficiency
Indicator
|
2020
|
2030
|
Public Sector Policy Financial Incentives (in million $2007)
|
528
|
853
|
Private Sector/Household Productive Investment (in million $2007)
|
440
|
480
|
Change in Electricity Costs (in million $2007)
|
-1,134
|
-2,228
|
Change in Natural Gas Costs (in million $2007)
|
-$404
|
-$751
|
Annual Increased Employment (ACEEE Calculator)
|
15,600
|
21,500
|
Change in Gross State Product (in million $2007)
|
229
|
479
|
Conclusions
The energy efficiency policies described in this profile could set Tennessee on a course toward a more sustainable and prosperous energy future. If utilized effectively, the State’s substantial energy-efficiency resources could reverse the long-term trend of ever-expanding energy consumption. With a sustained and concerted effort to use energy more wisely, Tennessee could grow its economy, created new job opportunities, and reduce its environmental footprints.
For more information on the methodology used to derive this state profile, please see Energy Efficiency in the South. 1
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