Many individuals use these terms interchangeably and are unaware of a fundamental difference. While both have the intention of benefiting the environment in some capacity, one should remember these 2 factors to see which action may suit their needs best:
- Conservation saves energy by reducing consumption. (Change in behavior)
- Efficiency meets original energy needs while using less energy. (No change in behavior)
In other words, conservation subtracts out anything that may be using unnecessary energy consumption (leaving lights on when not being used) and in the end, it costs you more money than what you would have to pay. Efficiency means that all your original energy needs are still met but uses less power, making energy consumption cheaper. (Replacing incandescent light bulbs to CFL or LED light bulbs)
If you run a business, energy efficiency would be the most effective strategy because there would simply be no alteration of consumption behaviors, leaving you with more time to focus on what’s important to your business. And what business wouldn’t want to save more money anyways?
Choosing energy efficiency over energy conservation is also a wise decision for homeowners who rent out their properties, even if tenants may not prioritize energy awareness. Energy-efficient upgrades, such as installing LED lighting, energy-efficient appliances, and improving insulation, offer substantial benefits. These upgrades not only reduce utility bills for homeowners but also enhance the property’s appeal to tenants seeking lower energy costs and increased comfort. By investing in energy efficiency, homeowners can potentially attract longer-term tenants, reduce maintenance costs, and increase the property’s market value. Moreover, many regions offer incentives and rebates for energy-efficient improvements, making the initial investment more financially viable. Ultimately, prioritizing energy efficiency not only aligns with sustainable practices but also ensures that homeowners and businesses can maximize returns on their investment.
