A Detailed Regional Look at Residential Electrification Economics
By Dave Hewitt | Mon, April 29, 19
Energy and Environmental Economics (E3), a California based consultancy, has taken a detailed look at the economics of electrification on behalf of three California utilities. The results show that: “All new construction homes and the majority (84 percent) of existing single-family homes with A/C would save by going all-electric.” For homes with air conditioning, the efficiency of advanced heat pumps leads to bill savings that outweigh higher initial costs.
