CPS Energy OKs spending $350 million to extend its STEP conservation program for 5 years
CPS Energy smart meters, which were installed beginning in 2018 to increase efficiency. The city owned utility on Monday renewed its Save for Tomorrow Energy Plan, which helps homeowners pay for solar panels, add insulation and other conservation measures.
The initiative is a constellation of about 20 programs designed to reduce the electricity needed to power the city. It does so by paying for such things as low-income customers getting new insulation in their homes and providing rebates for customers who purchase solar panels or energy efficient appliances.
As the focus on preventing climate change has intensified, utilities nationwide have relied on such efficiency and conservation programs to curb emissions and defer construction of new generating plants. “I’d love to support an expanded program,” he said. “But considering where we are, and how the costs rising for everyone across the board from milk to rent, we’ve got to be mindful of that and not go too fast.”
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