WalletHub: LA Is 2nd Least Energy-Efficient State
NEW ORLEANS – It’s National Energy Awareness Month and the average household spends nearly $2,000 a year on energy bills. Personal-finance website WalletHub conducted an in-depth analysis of 2016’s Most & Least Energy-Efficient States and found Louisiana 2nd from the bottom.
WalletHub’s analysts compared the efficiency of car- and home-energy consumption in 48 U.S. states across two key dimensions, including “Home Energy Efficiency” and “Car Energy Efficiency.” Each dimension was weighted proportionally to reflect national consumption patterns and graded on a 100-point scale, with 100 representing optimal energy efficiency. Due to data limitations, Alaska and Hawaii were excluded from analysis.
WalletHub also ranked Louisiana:
26th – Transportation Efficiency
34th – Vehicle-Fuel Efficiency
48th – Home Energy Efficiency
According to WalletHub’s Richie Bernardo, McKinsey & Company reported an estimated $520 billion initial investment on energy-efficiency measures could save the economy more than $1.2 trillion in the future and potentially reduce annual greenhouse gas emissions by 1.1 gigatons — “the equivalent of taking the entire U.S. fleet of passenger vehicles and light trucks off the roads.”
WalletHub’s Most Energy-Efficient states are:
1 New York
5 Rhode Island
WalletHub’s Least Energy-Efficient states are:
48 South Carolina