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New Report Reveals Home Appliance Standards Help Consumers Save Money

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A new report by Appliance Standards Awareness Project and the American Council for an Energy-Efficient Economy shows a how minimum efficiency performance standards bring monetary benefits to citizens.

The report looks into household products covered by US standards including refrigerators, water heaters, air conditioners, and lighting. According to the paper “Appliance standards protect consumers and save them money by eliminating energy- and water-wasting products in the market, while preserving the performance and features consumers value and encouraging manufacturers to develop and bring to market products with improved efficiency performance.

The press release about the report highlights that “the average American family saved almost $500 on energy and water bills in 2015 because of more efficient appliances and lighting, according to an industry report released this month. Average household savings by state ranged $360 in Washington State to almost $950 in Hawaii, with Colorado coming in at $417.

The report comes to support usage of standardized solutions and provides evidence of real life cost benefits of these solutions.

As smart cities grow, there is much unrest regarding the values upon which they grow. Standardization is a widespread topic in smart city events across the globe, experts coming together are trying to find common ground when defining smartness and sustainability and the interrelation between the two and the city as a growing organism.
Read more about the importance of standardization in smart city development here.