Homeowners wasting money on energy costs
A new survey by Owens Corning finds that Americans have a low Energy Quotient (EQ) which the company defines as knowledge of energy-saving practices in the home. According to the survey, 63 percent of homeowners are unaware of the financial benefits of installing insulation in the home, a fact that could be costing them $570 annually. The savings are the dollar equivalent of an estimated 30 percent savings attainable by properly insulating the average American home. In a surprising twist, the survey found that respondents below the age of 30 are less knowledgeable than other age groups on how to make their homes more energy efficient. Only 19 percent of young respondents understand how R-value -- an insulation product's ability to block heat from entering or escaping the home -- impacts home energy efficiency. What's more, 42 percent of homeowners under the age of 30 have no idea how much insulation is in their attic. Lack of knowledge about these basic energy efficiency elements speaks to the fact that those respondents are too young to have experienced the last major energy crisis. To read the company's news release about the survey, click here.



