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PSEG's Energy Efficiency Program: A Milestone in Savings

In recent years, the Public Service Electric and Gas Company (PSEG) has made significant strides in promoting energy efficiency among its customers in New Jersey. The company's latest report on the Clean Energy Future-Energy Efficiency (CEF-EE) program highlights astonishing savings that have accumulated since the initiation of these programs back in October 2020. With nearly 480,000 participants, PSEG's initiatives are yielding an impressive total of over $900 million in annual savings on utility bills.

A Diverse Range of Solutions

PSEG's energy efficiency programs encompass a variety of offerings tailored to the unique needs of both residential and business customers. These initiatives are designed to empower customers to reduce their energy consumption and enhance their ability to manage utility expenses effectively. Available program offerings include:

• - Home Energy Assessments: More than 105,000 assessments completed, allowing homeowners to identify areas for energy savings.
• - Smart Thermostats: Nearly 350,000 units have been distributed, enabling smarter temperature control and energy management.
• - Appliance Upgrades: Approximately 150,000 rebates have been claimed for energy-efficient appliances, further promoting reduced energy use.
• - Marketplace Products: A wide array of energy efficiency products available through the PSEG Marketplace, allowing customers to choose based on their preferences.

In addition to these measures, more than 30,000 old appliances have been recycled through PSEG's environmentally-friendly initiatives.

Supporting Business Customers

While residential customers have greatly benefited from PSEG's programs, businesses have also been leveraging these opportunities to enhance operational efficiency. Approximately 20,000 businesses have implemented over 32,000 energy efficiency projects, significantly improving their energy management. For example, St. Joseph's Health is implementing energy-saving projects in their Paterson and Wayne facilities, underpinned by PSEG incentives. As quoted by the director of maintenance and engineering, Scott Reilly, “Every dollar we're not spending on energy is a dollar we can put back into patient care.”

Environmental and Economic Impact

PSEG's commitment to energy efficiency extends beyond immediate savings; it also fosters positive environmental outcomes. Collectively, customers have achieved annual electric savings of approximately 3.1 million megawatt hours—enough to power around 453,000 homes each year. Moreover, natural gas savings reach approximately 80 million therms annually, resulting in the avoidance of around 2.3 million tons of carbon emissions. This impact is comparable to removing over 500,000 gasoline-powered vehicles from the roads for an entire year.

The need for affordable energy is vital as rising regional electricity demands may strain the energy system. To address this, PSEG continues to collaborate with state authorities to ensure ongoing solutions emphasizing energy efficiency alongside further power generation enhancements.

Workforce Development

Interestingly, the energy efficiency initiative also supports workforce development. PSEG's Clean Energy Jobs Program has successfully placed more than 7,300 individuals in clean energy-related careers, effectively building a skilled workforce dedicated to implementing these energy-saving projects.

In conclusion, PSEG is committed to being a trusted energy advisor, equipping customers with the resources to make informed energy decisions, manage utility costs, and take proactive steps towards energy efficiency. With these ongoing efforts, New Jersey customers are not only enjoying monetary savings but also contributing to a sustainable energy future. For more information on these programs, customers can visit PSEG's dedicated websites for residential and business energy efficiency resources.