Do you live in an energy efficient state? (infographic)
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Energy is expensive. After purchasing a home, it's one of the biggest ongoing household expenses – the average American consumer spends nearly $2,000 a year on energy bills. About half of that pays just for heating and cooling.
Overall, an estimated $520 billion investment for energy measures could save America's economy more than $1.2 trillion and reduce greenhouse emissions by 1.1 gigatons annually.
To help people understand the impact of energy on their wallets and encourage Americans to conserve more, WalletHub measured the efficiency of car- and home-energy consumption in 48 U.S. states. Due to data limitations, Alaska and Hawaii were excluded from our analysis.
To identify the most energy-efficient states, WalletHub analyzed data for 48 states based on two key dimensions, including “home-energy efficiency” and “car-energy efficiency.”
According to WalletHub's study, New York was the overall most efficient state, with Vermont, Minnesota, Wisconsin, and Utah also ranking highly.
It turns that home energy consumption in Louisiana is twice as high as in Utah. And in North Dakota, car energy consumption is half as efficient as in Florida. South Carolina ranked as the least energy-efficient state. Louisiana, Texas, Kentucky and Arkansas rounded out the bottom of the list.