Lower Bills, Better Grids

The document highlights the economic and environmental benefits of transitioning US households from electric resistance heating to heat pumps, noting potential annual national savings of nearly $20 billion and a significant reduction in peak electricity demand.

• Replacing electric resistance heating and water heating with heat pumps in all US single-family homes could result in nearly $20 billion in annual energy bill savings, with an average annual saving of $1,530 per household and $23,000 saved over a 15-year equipment lifetime. In Texas alone, this transition would save $2 billion in annual energy bills.
• The adoption of heat pumps would improve grid reliability by reducing peak demand, specifically by 51 GW during winter peaks and 11 GW during summer peaks.
• Switching single-family electric resistance households to heat pumps would reduce carbon pollution from those homes by 40%, resulting in a nationwide annual reduction of 38 million metric tons of CO2e, with 2.8 metric tons of CO2e reduced per home in the first year.

APA

RMI (2026). Lower Bills, Better Grids. https://rmi.org/wp-content/uploads/2026/04/ER-to-HP-Flipbook_3.2026.pdf

Chicago

RMI. Lower Bills, Better Grids. 2026. https://rmi.org/wp-content/uploads/2026/04/ER-to-HP-Flipbook_3.2026.pdf.

Wikipedia

{{cite report |author=RMI |title=Lower Bills, Better Grids |date=April 2026 |url=https://rmi.org/wp-content/uploads/2026/04/ER-to-HP-Flipbook_3.2026.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{rmi2026lower, author = {{RMI}}, title = {{Lower Bills, Better Grids}}, institution = {RMI}, year = {2026}, month = apr, url = {https://rmi.org/wp-content/uploads/2026/04/ER-to-HP-Flipbook_3.2026.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }