The Economics of Electrifying Buildings
Sherri Billimoria, Leia Guccione, Mike Henchen, Leah Louis-Prescott
In Rocky Mountain Institute’s new report, The Economics of Electrifying Buildings, we analyze the economics and carbon impacts of electrifying residential space and water heating both with and without demand flexibility—the ability to shift energy consumption in time to support grid needs. We compare electric space and water heating to fossil-fueled space and water heating for both new construction and home retrofits under various electric rate structures in four cities: Oakland, California; Houston; Providence, Rhode Island; and Chicago.
