Report: Electrifying U.S. Homes Can Save $96 Billion in Energy Costs—If Done Equitably

Residential electrification can save American households $96 billion through reduced energy costs if lower-income households electrify alongside higher-income ones, according to a new American Council for an Energy-Efficient Economy (ACEEE) report. If policymakers do not invest in helping low- and moderate-income (LMI) households electrify and they are left behind in the energy transition, these households could face increased costs, the study finds.