2024 Energy Efficiency Outlook Report Preview
The year 2024 is set to be a game-changer for energy efficiency. In the US, the landmark Inflation Reduction Act (IRA) is funneling billions of dollars into state-led energy efficiency programs, while Canada has responded with its own $80 billion CAD clean energy investment plan. This will be the year we begin to reap the benefits of aggressive federal investments that are directing unprecedented sums into lowering energy consumption and costs for homes and businesses.
This extraordinary new support is creating tremendous opportunities for states, territories and utilities, but getting complex energy efficiency programs right won’t be easy.
Our 2024 Energy Efficiency Outlook Report will dive into the challenges programs are likely to experience and share actionable advice to help overcome them. Our team of experts identified the top energy efficiency trends for 2024:
- Heat pump adoption will grow, but improving customer education and addressing barriers to entry will be critical.
- A rise in personalized energy advisory and concierge services will help customers who are “spoiled for choice” take their next – or even first – step.
- New-and-improved technology will enhance data collection and savings estimates for commercial and industrial (C&I) projects.
- Greater efforts to break down barriers for low- and moderate-income (LMI) customers will help to cut costs and drive greater participation.
- In some states and territories, innovations in gas energy efficiency – not just electrification – will contribute significantly to energy reduction goals.
CLEAResult clients will receive an in-depth breakdown of these trends and opportunities in our 2024 Energy Efficiency Outlook Report. If you’d like to receive a copy, please contact us.