Full Home Electrification Cost & Savings Calculator
Full Electrification Plan
Complete cost and savings for whole-home electrification
Gas Bill Elimination
Formula
Net Cost = Total Equipment − HOMES Rebates − 25C Credits − EV Charger Credit; Annual Savings = Gas Bill Eliminated − Electricity Increase; Electricity Increase ≈ 45% of Former Gas Cost (due to heat pump efficiency gains)
Frequently Asked Questions
How much does full home electrification cost?
Full electrification typically costs $15,000-$40,000 depending on what needs replacing. The biggest costs are heat pump HVAC ($8,000-$18,000) and electrical panel upgrades ($2,000-$5,000). With IRA incentives, low-income households can offset up to $14,000, bringing costs down to $5,000-$20,000.
Will my electric bill go up if I switch from gas?
Your electric bill will increase, but your total energy bill should decrease. Heat pumps are 2-4x more efficient than gas furnaces, so the electricity needed costs less than the gas it replaces. Typical homes see net savings of $500-$1,500/year after eliminating the gas bill.
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