Manager’s Message – February 2024
Achieving Energy Efficiency
Dear Co-op Members:
“Energy efficient” is a term we often see on product labels or advertisements, but being more energy efficient is something we all can do to manage use and keep costs low.
How Your Cooperative Keeps Energy Costs Low
Looking for the most efficient way to power your home or business is part of what we do daily at Lane Electric Cooperative. To keep your energy rates low, we examine a variety of wholesale generation resources to serve our members, and we look far ahead to ensure members have the reliable, low-cost energy they need for the future. This means contracting for long-term power purchases and buying power from the market to meet members’ energy needs at the lowest cost possible. We also provide members with information and materials to guide them on ways to maximize energy efficiency.
Members can take advantage of rebate programs to achieve greater energy efficiency and savings. Contact Lane Electric today to find out more about the programs available to you.
What You Can Do
As a member, you have control over improving the energy efficiency of your home or business. Taking a few easy steps allows you to carry out daily routines while consuming less energy. Here are a few tips to increase efficiency and reduce your monthly electricity cost:
- Switch to LED lightbulbs and modern Energy Star-rated appliances. They use less energy to provide light or complete a task. LED bulbs save you money and last up to 25 times longer than incandescent bulbs.
- If you are building or renovating, the construction phase is a great opportunity to maximize insulation in walls, install energy-efficient windows, and use modern building materials that can save energy and money.
- According to the IRS, if you make qualified energy-efficient improvements to your home, you can qualify for a tax credit of up to $3,200. This includes replacing exterior doors, windows, and skylights or upgrading insulation. This program is available through the year 2032. Find out more at irs.gov.
- Improve your power management. Whether it’s a computer set to go to sleep after a period of time or using programmable thermostats to control your heating, ventilation, and air conditioning, managing your power use is critical to lowering energy use. Smart devices allow homeowners even greater control, such as lights that can be turned off from anywhere using a smartphone.
- Energy-efficient heat pumps save money, and some providers offer rebates or discounts. Find out more about improving your home’s energy efficiency at energy.gov.