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THE ECONOMICS OF ELECTRIFYING BUILDINGS
The report finds that building electrification is generally cost-effective for new construction and for customers switching from propane or heating oil, but often more expensive for existing natural gas customers at current prices. It argues that electrification reduces carbon emissions in most US regions, except those heavily dependent on coal, though this is expected to change as coal plants retire. The authors emphasize that demand flexibility—shifting energy use to low-cost or high-renewable periods—can further improve economics and grid integration. Key recommendations include prioritizing the electrification of oil and propane homes, stopping the expansion of natural gas infrastructure, and updating energy efficiency standards to account for total energy reduction across fuels.
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Document type: Report