Focus on Energy funding for renewable energy projects and energy efficiency changes resulted in record cost savings last year, according to a study released this week.

Focus on Energy spent more than $63 million in 2013 for rebates and incentives toward projects ranging from solar and wind power installations to new furnaces, water heaters and light bulbs for residents and businesses.

The report was issued by The Cadmus Group, a Waltham, Massachusetts, consultant group hired by the state Public Service Commission. It showed that for every dollar spent, $3.41 will be saved over the life of the newer appliances and renewable energy sources. That is up from $2.89 saved for every dollar spent in 2012, the report said.

“We are very proud that for every dollar invested in Focus on Energy, the program provides more than three times the value back in economic and non-economic, such as reduced emissions, benefits to Wisconsin,” said Tamara Sondgeroth, director of operations.

Funding for Focus on Energy comes from Wisconsin utility companies that collect the money from ratepayers through their bills, based on formulas determined by state regulators.

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Judy Newman is a business reporter for the Wisconsin State Journal.