Taking Charge of Our Energy Future

1. Taking Charge of Our Energy Future We Can Do Much Better! James M. FentonandPhilip Fairey

2. Economic Context • Florida ranks 5th nationally in the amount of energy consumed per capita and 3rd in total energy consumption (This statistic does not account for tourist population.) • The economic implications of fuel purchases in Florida are large • At $2.50/gal = $23 billion/year for automotive fuel. Plus another $20 billion/year for electricity yields a total of $43 billion/year • At least half ($20 billion per year) leaves Florida’s economy as fuel payments to other states and nations. • Keeping this money in Florida would result in $40 to $60 billion/year (2-3 times the $20 billion exported) in real economic activity and job creation.

3. Current Projection New Generation for 2014 Source: http://www.fsec.ucf.edu/pubs/eere_study/

4. Residential Dominates 2004 Actual Energy Use by Sector (233 TWh) Source: http://www.fsec.ucf.edu/pubs/eere_study/

5. Why Not This? New Generation for 2014 Source: http://www.fsec.ucf.edu/pubs/eere_study/

6. EPA Energy Star Homes • National brand recognition • Reduce total home energy use by about 15% compared to 2006 code standards • Save owners money each month – monthly energy efficiency savings are greater than their costs when paid through a 30-year mortgage • Save Florida citizens about 2,000 kWh per year and about 1.5 tons of CO2 emissions per home each year

7. Energy Star Answers What it Takes? • Standard minimum code features plus. . . • Energy Star windows, refrigerator and dishwasher • Three Energy Star lighting fixtures • A substantially leak-free duct system • An Energy Star air conditioner (SEER = 14) Benefits and Costs? • Total estimated annual savings = 1,995 kWh • Total estimated added costs = $1,600 • Levelized cost of energy savings = 6¢ per kWh

8. Where Florida Stands 7 States => 15% market share

9. The Art of the Possible The First “Zero Energy Home”

10. $2400 at $0.12/kWh Efficiency First $1800 at $0.12/kWh

11. From 30th to 9th through Florida’s Energy Act Florida PV Rebates

12. Photovoltaic Costs

13. 15% of new home starts The 25 TWh Example • 160,000 new Florida homes per year • 24,000 tax credit homes per year • 24,000 solar water heaters per year • 6.2 million existing Florida homes • 62,000 home improvements (15%) per year • 62,000 solar water heaters per year • Photovoltaic Systems • 9,000 PV systems per year (2 kW peak) Source: http://www.fsec.ucf.edu/pubs/eere_study/

14. Off-the-Shelf Technology 40% annual energy savings (~$630) 2.06 kW 2000 sq.ft., 3 BR, single story, concrete block home

15. Florida Benefits Cumulative Ten-Year Totals

16. Florida Potentials Study • New contract with American Council for an Energy Efficient Economy (ACEEE) • Expands on our 2004 Florida’s Energy Future: Opportunities for Our Economy, Environment and Security report to Florida Department of Environmental Protection • Detailed analysis of energy efficiency and renewable energy (EERE) potentials for Florida • Preliminary results (publicly available 2/5/07)show significant savings potentials for both new and existing buildings • Final report from ACEEE due in late early March.

17. California’s Example $600 per capitaat $0.12/kWh

18. For Further Information James M. Fenton, Director jfenton@fsec.ucf.edu(321) 638-1002 Philip Fairey, Deputy Director pfairey@fsec.ucf.edu(321) 638-1005 Main FSEC web site www.fsec.ucf.edu “Taking Charge of Our Energy Future” www.fsec.ucf.edu/energynews/2006/2006-02-energyuse2014.htm