Cadmus incorporated the REMI E3+ model into their evaluation of Focus on Energy’s 2015-2018 energy efficiency and renewable energy programs in order to ascertain their net statewide economic impacts. Their report used spending and energy-savings data to analyze the short-term program investments made from 2015 to 2018 before forecasting the long-term impacts of those investments from 2019 through 2042. For this assessment, Cadmus calculated the difference between the Wisconsin economy with Focus on Energy and a no-program baseline scenario in terms of the direct, indirect, and induced economic effects. They found that Focus on Energy investments in renewable energy and energy efficiency from 2015 to 2018 will add $2.2 billion in economic benefits to the state’s economy by the end of the study period used for this analysis.
Cadmus – Focus on Energy 2015-2018 Quadrennium Economic Impact Analysis [full PDF]