This document summarizes and analyzes three existing techniques for reducing power consumption in FIR filters: signed power-of-two representation, steepest descent optimization, and coefficient segmentation. It finds that steepest descent can reduce hamming distance between coefficients by up to 26%, while coefficient segmentation can achieve up to 47% reduction. However, both techniques degrade filter performance parameters slightly. Signed power-of-two representation provides the most power reduction of 63% but introduces overhead from additional adders and shifters. The document evaluates these techniques on four low-pass FIR filters and concludes there is a tradeoff between hamming distance reduction and degradation of filter specifications.