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Americans spend nearly $2,000 a year on energy bills

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Americans spend nearly $2,000 a year on energy bills

About half pays for heating and cooling

 

WalletHub conducted a study on 2015’s Most and Least Energy Efficient States. The study examined both home and car energy efficiency. Looking just at home energy efficiency, Utah ranked No. 1.

As WalletHub notes, energy is one of the biggest household expenses for American consumers, who, on average, spend nearly $2,000 a year on energy bills. About half of that pays for heating and cooling.

In order to create greater awareness of the impact of energy on consumers’ finances and encourage Americans to conserve more, WalletHub measured the efficiency of car and home energy consumption in the 48 contiguous U.S. states. Due to data limitations, Alaska and Hawaii were excluded from the analysis. Looking strictly at home energy efficiency, the Top 10 ranked states are:

1. Utah

2. Minnesota

3. Maine

4. New York

5. Vermont

6. New Hampshire

7. Wisconsin

8. Colorado

9. Montana

10. Wyoming

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