Most utilities are required by law to encourage customers to reduce their energy consumption by offering rebates in exchange for purchasing energy-efficient equipment and appliances. In addition to reducing energy demand, these rebates also inject new spending into the local economy. A confidential client, a major utility, retained Quercus Consulting to examine the broader economic impact of its energy efficiency program. The program pumped over $120M in direct spending into its regional economy, and the study determined that every $1 spent on rebates triggered an additional $11 in consumer spending. In total the program supported over 5,000 jobs state-wide and caused over $800M to be circulated in the regional economy. AECOM was a sub-contractor to Quercus on this project.
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