A recent study conducted by Synapse Energy Economics found that if Kentucky passed the clean energy legislation that is currently presented to the General Assembly, the state could create more than 28,000 jobs over 10 years, while also reducing electricity bills.
"This study confirms that legislation to diversify our electricity portfolio would be economically beneficial to Kentucky," said Justin Maxson, president of the Mountain Association for Community Economic Development. "The bill would allow the state to hedge against increasing rates by making homes and businesses more energy efficient.
According to the study, if Kentucky was able to make small steps towards green energy practices in the state over the next 10 years, Kentucky residents, business owners and industrial facilities will be able to lower energy bills.
If the state puts in place a renewable and efficiency portfolio standard, average annual electricity bills could be 8 to 10 percent lower than if the state opts not to create a standard.
Adding to renewable energy use in the state, House Majority Leader Rocky Adkins recently announced the Kentucky Green Schools Initiative, which is a legislative plan to make schools in the state more energy efficient, reported Lexington, Kentucky, CBS affiliate WKYT.