According to a recent study conducted by the Lawrence Berkeley National Laboratory (LBNL), investing in energy efficient changes is still cheaper than other ventures.
The study, obtaining its information between 2009 and 2013, compared research across 20 states and concluded that investing in energy efficient changes costs only an average of 4.6 cents per kilowatt hour. It is a 6.4 cent difference compared to the average retail cost per kilowatt in the U.S. now.
By 2025, utility customers will invest $9.5 billion in energy efficiency.
The U.S. Energy Department has begun a new push for energy efficient lighting in commercial production. Based on numbers from the residential and commercial sector, the push is mainly focused on next-generation LEDS and OLED (organic) lighting features.
This information comes on the heels of President Obama's newly enacted measures to improve energy efficiency in buildings and end efficiency standards for certain water heaters.
The measure, passed at the end of April, created a new voluntary building efficiency standard as well as exemptions for certain grid-enabled water heaters from regulations.
According to The Hill, these changes can not only benefit the earth, but can unite opposing political forces under energy efficient changes as well.
Another energy efficient bill has also been recently introduced. This bill, created by New Hampshire Senator Jeanne Shaheen, would reduce operating costs for places such as hospitals and universities by helping them make energy efficient changes.
The bill takes into consideration regulatory barriers that are known to waste power used to heat buildings. Known as the HEAT Act, the Heat Efficiency Through Applied Technology Act could decrease energy waste and increase efficient means to generate power.
"Deploying these efficient energy production technologies will save money, create jobs and reduce pollution," Shaheen said.