Electricity bills this year are on track to actually drop for the first time in 14 years.
Good news for now, but it's worth noting they're expected to go right back up next year based on a natural gas price increase.
All that is an excellent reason to create a more energy efficient home. A Denver nonprofit is using a $1 million grant from the Department of Energy to make low-income housing unites more energy efficient.
International Center for Appropriate and Sustainable Technology is a nonprofit focused on helping low-income communities through sustainable technology.
“We focus primarily on deep retro-fits which includes insulation of roofs, windows and doors. We also do furnaces, water heaters,” John Elliott said, ResourceSmart Director for ICAST. “For the tenants we are hoping to primarily save them anywhere from 20 to 30 percent on their utility bills.”
The money will help ICAST retrofit 500 small commercial buildings which they say will proved a significant reduction in utility bill costs as well as a reduction of our carbon footprint.
So far, ICAST has used the grant for two affordable housing complexes in the Highlands neighborhood.