WalletHub, a website that offers credit scores and finance tips, conducted an analysis of the most and least energy-efficient states in the nation.
The website discusses the impact energy use has on the average American’s wallet. Based on the company’s research, Americans tend to spend about $2,000 each year on energy bills, and half of that amount is for heating and cooling.
WalletHub compares the efficiency of car and home energy consumption in 48 states, excluding Alaska and Hawaii because of data limitations.
According to WalletHub, these are the 10 most energy-efficient states: New York, Utah, Minnesota, Vermont, Rhode Island, Wisconsin, Massachusetts, Colorado, Connecticut and New Hampshire. In addition, WalletHub reports the 10 least energy-efficient states are South Carolina, Louisiana, Alabama, Arkansas, Mississippi, Tennessee, Oklahoma, Georgia, Kentucky and West Virginia.
To create its list, WalletHub compares states for home energy efficiency and car energy efficiency. WalletHub calculated the ratio of total residential energy consumption to annual degree-days to get the home energy-efficiency level, and it divided the annual vehicle miles driven by gallons of gasoline consumed to determine the car energy-efficiency level.
WalletHub’s full report can be found online.