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Energy Efficiency Rebates Projected to Grow

A recent report by the Berkeley National Laboratory projects that spending on energy efficiency programs will continue to grow and will reach between $6.5 - 15.6 billion by 2025. The study looked at efficiency programs as reported by the CEE in 2010 and then created low, medium and high scenarios for future years based on the potential outcomes under the current policy environment. Most of the increase in funding is attributed to state legislative savings requirements and regulations, although some of the increase is also driven by utility DSM planning. This increase would mean a growth of 2-8% per year. In comparison, spending grew at 5% per year from 1997-2006 and 26% from 2006-2010.