What are the benefits of conserving energy in your home? You will benifit the economy, reduce your electric bill, require less maintenance to your units, and ultimatly help burn less fuel. Obviously, there...
Obviously, there is an economic benefit to conserving energy. You can reduce your costs on you electric bill. You may also reduce your maintenance costs. Equipment, that does not run all day long, may require less of a service interval. In another words, service replacement costs, maintenance costs, and operating costs will probably also decline. The economic benefit speaks to most of us.
However, there is another huge element to this. If we can manage to reduce the amount of energy we use at home and at work, we will be able to ultimately burn less of some fuel source somewhere. It may be coal, natural gas, or oil used to produce that kilowatt-hour of energy. The environmental benefits that occur across the board are staggeringly high. The less we use of them, the greater net benefit to the environment in which you live.
There are other benefits. If all of us conserve just 10% of the kilowatt hours that we use, we are expanding the amount of energy available on the electrical grid. This means that you could build another house on the next street, and we would not have to upsize the generators. All of the saved energy could provide more housing, and we would not have to build another Power Plant to accommodate the area.
Utility companies benefit from conserving energy. There are efficiencies of scale for the utility company. Companies can plan better on supplying energy. They know the base load of energy, and they can size various units to plan their forecasting accordingly. So, it benefits the utility company, and that is why utility companies provide incentives toward conserving energy.
