If you’re a business owner looking to get the most value from these energy sources, where should you go to get the most bang for your buck?
As the United States continues to develop its renewable energy options, it has never been more economically beneficial for businesses to take advantage of these clean energy sources. Solar, wind, and hydroelectric continue to rise in popularity, application, and efficiency. This has made entrepreneurs across the country more inclined to develop their businesses with the affordable nature of renewable energy in mind.
The United States has invested approximately $7.7 billion in energy efficiency in 2016, according to the American Council for an Energy-Efficient Economy (ACEEE). And while under President Trump’s “America First Plan,” energy policy is changing and becoming less regulated for fossil-fuel sources, it is also an opportunity for States to incentivize more carbon-neutral options. Both energy producers and energy consumers can utilize these policies and reduce the cost of their operation.
“There’s a lot of interest in green energy,” Al Titone, deputy district director of the Small Business Administration’s New York District Office said in Inc. “With the government putting money into it, that pretty much guarantees there’s going to be more of a market for it in the future.”
While the nuance of determining the most affordable state to run a business on renewable energy is quite complex, the ACEEE breaks down energy efficiency by incorporating factors like public utility programs, transportation policy, energy regulation, and state level incentives and safety standards.
According to the 2016 State Energy Efficiency report — which ranks all 50 states and the District of Columbia — the most energy efficient state is a tie between California and Massachusetts.
Vermont, Rhode Island, Connecticut and New York complete the top-five with Missouri, Maine, and Michigan showing the most improvement since the 2015 Read More Here