Total Annual Program Lifecycle Costs (Thousands of $)
Lifecycle costs of U.S. energy efficiency programs estimate total spending committed each year from 2013–2024. Big shifts in lifecycle costs often precede multi-year demand reductions that can influence long-term electricity prices.
Key Insights
Total annual program lifecycle costs have risen over time, driven primarily by growth in residential and commercial spending. After a dip around 2020, overall costs rebounded sharply and reached new highs by 2024. Industrial program costs remain a small and relatively stable share of total spending.
Total program costs reached ~$6.8B in 2024
Costs rebounded strongly after 2020
Residential and commercial drive total spending