The utility industry has been touting a $1,000 ceiling fan box, an affordable and environmentally friendly option for homes that use electrical appliances and lights, as a way to help reduce energy costs.
But a new analysis by the U.S. Energy Information Administration says that the box is costing utilities a net loss of $1.20 per month, on average, and could cost them as much as $5 per month in additional costs over the next few years.
The box is also not a replacement for regular ceiling fans and may increase the amount of electricity needed, according to the EIA analysis.
“In order to be effective, this is a very, very expensive energy-saving option,” said Mark Schmitt, a senior energy analyst at the EPI.
“It’s not going to replace the ceiling fan.”
In recent years, utility companies have been installing more than a million ceiling fans in homes.
The boxes, typically made of wood and steel, are intended to be installed with an existing wall of ducts or joists, but can be used as a temporary solution if the cost of installing the entire system is prohibitive.
The EIA says that in 2018, utility owners paid more than $7.6 billion for ceiling fan boxes, but the average cost per box was just $2.87.
A majority of the cost is paid for by the customer, and the cost does not include installation, according the EIAs report.
That is a major problem in the U, where consumers pay more for power than ever before.
The cost of the cheapest energy savings option available to consumers was $4.70 per month last year, up from $3.00 in 2016, according a 2017 study by the Energy Information Association.
“We think it’s a little bit of a cost overrun,” Schmitt said.
“The utility is getting paid by the utility and it’s the customers’ fault.
We think the utility should have to pay more.”
The EIA has published detailed cost estimates for various ceiling fan options over the past year.
They showed that a new $1 box would cost $1 more per month than a $3 box, or a $5 box would take an extra $4 per month.
The utility would have to add a new installation cost of $6.25 per month to meet its new goal, according an EIA report.
In 2019, the EIU also calculated that a $2 box would increase the cost by $1 per month for a homeowner, and that a box would add $1 to their monthly bill.
A $5 and $10 box would each add about $1 a month to a homeowner’s bill, according EIU estimates.
“It’s an expensive product, but it’s still a reasonable option for people who are trying to save money,” said Steven M. Crampton, an energy economist at the University of Texas at Austin who reviewed the EIs study.
The EIA has released a video on its website showing how to install the box and explain its benefits.
Utility customers are also encouraged to visit the utility website for a full cost estimate.
Utility companies have tried to sell the box to homeowners who have limited savings, saying it’s affordable, but have had limited success.
Utility officials have said they are trying their best to sell customers the box as a cheap option for energy savings, but critics say that many homeowners who already have the box have opted for other options, including using electric heaters and air conditioners.
“This is just one of those items that has been marketed as a solution that will save you money,” Cramton said.
The U.C. Davis Energy Institute said the EIE study was “inaccurate and misleading,” and that it has “significant questions about the utility’s ability to accurately and fairly measure energy savings.”
The report also found that consumers would pay more to use an existing ceiling fan if the utility had to pay the full cost of installation.
A 1,000-watt ceiling fan that was installed without the box would have cost about $4,800, compared with the $5 to $10 cost per month if the box was installed, according U.N. data.
In an email, EIA spokesman Jim Ritter said the utility has been working with homeowners to help them reduce energy bills.
“For more than two decades, EI has provided customers with a low-cost, efficient, cost-effective and reliable energy savings solution,” he said.
“We recognize that the cost per unit is far less than the cost to install and maintain an existing system, and we have made significant investments in our efficiency and energy efficiency programs over the years,” Ritter added.
The utility has offered several different products to homeowners, but has not provided any additional information about what customers are paying for, or whether the boxes are an option for them.
“The utility recognizes that this is an extremely important issue and is working to