Power Problems

National report declares Texas dim when it comes to energy efficiency

Texas has been deemed inefficient when it comes to energy. Photo courtesy of Thomas Miller/Breitling Energy

For a state that's home to the "Energy Capital of the World," Texas falls flat when it comes to energy efficiency. WalletHub, a personal finance site, ranked the most and least energy-efficient states, and Texas was named No. 42 of the 48 states evaluated.

The states were scored on home and auto efficiency out of an available 100 points. Home efficiency was calculated based on the ratio of total residential energy consumption to annual degree days, the days of the year in each region that require buildings to engage heating or cooling. Auto efficiency was established by factoring in the annual miles driven per year, gallons of gasoline consumed, and population. At the top of the national ranking were New York, Vermont, Utah, Rhode Island, and Massachusetts.

Texas, with its hot climate and underdeveloped public transportation systems, scored only 33.34 total points on the report. The state ranked No. 35 on home energy efficiency and No. 42 for auto energy efficiency. Texans drive over 271 billion miles annually and use over 19 billion gallons of gas, the second worst and worst rankings, respectively, among the states considered for this study.

The Environmental Protection Agency's research tells a different story of Texas' sustainability. The EPA's Green Power Partnership named its 2018 top local governments, and Texas cities claimed three spots in the top five. Houston was ranked No. 1, followed by Dallas at No. 2 and Austin at No. 5. This ranking is based on the annual green power usage — Houstonians use almost 1.1 million kilowatt hours of wind and solar energies annually.

According to the WalletHub report, each American household spends at least $2,000 annually on utilities and another $1,968 on gasoline and oil, which is up $59 from last year. New technologies and energy-efficient measures can reduce household utility costs by up to 25 percent, and a fuel-efficient car could save drivers over $700 annually, says WalletHub. The report's experts advised in properly weatherproofing homes; smart technology, such as thermostats; solar panels; and more.

---

This story originally appeared on CultureMap.

Trending News

Building Houston

 
 

this one's for the ladies

Texas named a top state for women-led startups

A new report finds that the Lone Star State is ideal for female entrepreneurs. Photo via Getty Images

Who runs the world? According to Merchant Maverick's inaugural Best States for "Women-Led Startups'' study, Texas is a great place for women to be in charge.

The Lone Star state cracked the top 10 on the list, earning a No. 6 spot according to the small business reviews and financial services company, which based the study on eight key statistics about this growing segment of the economy. Colorado (at No. 1), Washington, Virginia, Florida, and Montana were the only states to beat out Texas on the rankings—leading the Merchant Maverick team to conclude that "the part of the country that lies west of the Mississippi is great for startups led by women entrepreneurs."

Women-led startups in Texas received $365 billion in VC funding in the last five years, the report found. This is the seventh largest total among U.S. states. Too, about 20 percent of Texans are employed at woman-led firms, which is the fifth highest percentage among states. Roughly 35 percent of employers in Texas are led by women.

A few other key findings that work in female founders' favor: The startup survival rate in Texas is nearly 80 percent. And a lack of state income tax "doesn't hurt either," the report says.

Still there are shortcomings. On a per capita basis, only 1.27 percent of Texas women run their own business. The average income for self-employed women is also relatively low ranking among states, coming in around $55,907 and landing at 31st among others.

This is not the first time Texas has been lauded as a land of opportunity for women entrepreneurs. A 2019 study named it the best state for business opportunities for women. Houston too has proven to support success for the demographic. The Bayou City was named in separate studies a best city for female entrepreneurs to start a business and to see it grow.

Still, as many findings have concluded, the realities of the pandemic loom for all startups and small business owners. The Merchant Maverick study was careful to add: "The pandemic has changed the economic landscape over the past year, and often for the worse.

"This means that not every metric may be able to accurately gauge how a state might fare amidst the pandemic," the report continues. "To help factor in COVID's impact, we included some metrics that take 2020 into account, but it will be a while until we get a full picture of the pandemic's devastation.""

Trending News