The per capita resource consumption for inhabitants of Dancing Rabbit Ecovillage (DR) is less than ten percent of the average American in most major categories, approximating “one planet” living in a nation that contributes disproportionately to global resource consumption. This article examines DR’s extraordinary energy and resource savings through the lens of social practice theory, which focuses on the meanings, competencies, and materials that individuals combine to form everyday practices. Participant observation and interviews with DR community members reveals how this rural ecovillage achieves remarkable energy and resource savings by transitioning away from the exclusive ownership of capital goods, investing in skills that facilitate the collective management of resources, and eliminating waste by taking advantage of locally available resources. Results suggest that local governments interested in sustainability and climate mitigation should encourage systems of collective resource management rather than maintaining a traditional focus on influencing changes in individual consumption choices.