Executive Realty
Joe DeChristofaro

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Understanding Energy Costs

I was recently contacted by the Consumer Energy Alliance, which provides consumers with unbiased information on U.S. and global energy issues. Its affiliates represent sectors from the energy industry, academia, small businesses, conservation groups to travel-related industries.

The CEA recently released a sweeping study of energy consumption across the country, and analyzed various regions, states, even major municipalities, promoting ideas to enhance efficiency and preserve an uninterrupted flow of energy based on expected future population shifts.

To the end consumer, the report paints a fascinating picture of who is paying what for their energy, and why it costs so much, or in some regions, so little.

According to the CEA study, the average Mid-Continent family currently enjoys some of the lowest electricity costs in the nation. While these low costs are attributable to the region’s access to natural resources and booming energy production, the report suggests that could end in only a few years unless new infrastructure and pipeline
projects are hastily approved.

This planning is especially important, as some of the nation’s poorest communities like Camden, Ark.; Opelousas, La.; Deming, N.M.; Commerce, Okla.; and San Benito, Texas, dot the Mid-Continent region. The average household income in these communities is $24,857 - 55.43 percent less than the national average, the CEA report states.

Even small increases in energy prices could have a devastating effect on families in the Mid-Continent region where median household incomes are $10,000 to $25,000 less than the national average. In this region, the CEA reported that low-income households pay roughly 22 percent of after–tax income on residential utility bills and gasoline.

While most Mid-Continent families currently pay, on average, a rate roughly 9 percent lower than the national average of 12.90 cents per kilowatt hour (kWh), it is also home to states like Texas where the average monthly bill is 17 percent higher than the national average.

In addition, the recent analysis found:
- The bottom 20 percent of earners spend almost 10 percent of their income solely on electricity - more than seven times what the top 20 percent pays.

- Of those low-income earners that spend 10 percent of their income on power bills, half are African-American families.

- The average household in the U.S. currently pays 13 cents per KwH using on average 901 KwH per month totaling $116 in electricity bills. That represents almost one-fifth (4.78 percent) of the average income of the poorest Mid-Continent families.


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Location

Executive Realty
1 Richmond Square
Providence, RI 02906
 

What my clients are saying  

Without reservation and to the highest degree, I whole heartedly recommend Joe as a realtor. As a seller, I entered the process a bit weary (having previously encountered realtors who were willing to tell me anything I wanted to hear when I was a buyer years ago). In refreshing contrast, Joe is honest, ethical, patient, and transparent. He is a wealth of knowledge and will advocate for you as his client. There were many roadblocks that arose during the sale of my condo, which Joe was able to expertly navigate.

 

~ Elisabeth E - Downtown Providence

It was my first time buying a house/condo and Joe was beyond helpful in finding the perfect place for me. Once I did, he advised me on what to offer and I trusted his judgement completely. I would use Joe’s services again in a heartbeat.

 

~ John B - West Warwick

About a month a go I reached out to Joe as our first step in finding a home. He immediately set us up with an MLS account that sent us listings that were tailored for exactly what we wanted. He was friendly and extremely accommodating. He encouraged us to look at as many homes as we wanted. He was incredibly knowledgeable, researched all the neighborhoods and was detailed oriented in comparing homes. What I appreciated the most was that he never pressured us to rush into buying anything and was able to guide us when it came to putting offers negotiating for the best price. In the end, we found our perfect home faster than expected and under Joe’s advice we were able to put in an offer that was accepted at $30,000 less than the asking price. With his help and great references, we were even able to close on the house in just over 2 weeks! We couldn’t be happier with the house we bought, the money we saved and everything our realtor Joe did for us to make it all happen. Thank you Joe!!!

 

~ Katherine & Tyler W - North Providence

Joe was incredibly helpful and resourceful when helping me purchase my new home. He went above and beyond to make sure I found the right place at the right price and made sure every detail was to the highest standard. Additionally, Joe is very professional and truly looks out for his clients.

 

~ Ella C - East Side of Providence

Joe has been amazing!. We felt we really had somebody working with and for us. He is the best real state agent!. Particularly working with him from the distance. He made easy every step for us without making us feel stressed through the process. I would recommend him in a heartbeat!

 

~ Marta C - East Side of Providence

I have recently had the best experience with Executive Realty and cannot be more impressed with Joe’s knowledge, enthusiasm, professionalism and dedication. He found the perfect condo in Providence for my daughter and provided us with the most amazing contacts from banks to movers to contractors. Without Joe’s amazing efforts, we would still be searching instead of being ready to move in this week. My friends find it amazing that we visited the condo on November 11 and closed on December 12! In fact, what’s even more amazing is that Joe has followed up with us over the past week to make sure everything is going smoothly with my daughter’s move, our contractor, and the condo unit in general. Executive Realty is on the top of my list and I would be happy to recommend Joe to anyone. Having a realtor who knows his stuff and cares about his clients really matters, and that is why I took the time to acknowledge Joe and his business :)

 

~ Lynne R - Downtown Providence

Joe was extremely attentive and provided an excellent level of service. A true professional, Joe's experience and vast knowledge of the market shined when handling both of our transactions (selling and buying). I would highly recommend Joe to others for their real estate needs.

 

~ Bob & Joy S - Cranston, RI

I would highly recommend Joe DeChristofaro as a realtor. I worked with Joe for several years as I wanted to purchase a home in a specific area. Joe was very patient and accommodating while we searched for the perfect home. Joe gave great recommendations and even helped point out potential issues with the houses we viewed. I had a great experience with Joe and I would recommend him to anyone purchasing or selling a home.

 

~ Dave P - Warwick

Joe is just excellent. His expertise in the field is exceptional and he walked me through the process of buying my first home, step by step. He is extremely humble and disarming, making him a very approachable person and so easy to work with. I never hesitated to call or email and he was readily available. I would recommend him without any hesitation to friends and family.

 

~ Bianca C - Downtown Providence

Joe is an amazing realtor and person! He is knowledgeable, honest and ethical. He helped us from the beginning to find the house we wanted. Even after we bought to house, he still keet in contact with us to make sure everything was okay. And he gave us incredible tips about being a homeowner and a landlord...

 

~ Tiffany & Efe K - West Warwick

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