For new homes, an all-electric home is much more economical than adopting a dual-fuel home with two space conditioning appliances. In addition, taking into account the avoided cost of an NG infrastructure cost, the economics of an all-electric home gets even better. For existing homes, the current capital costs of HPSC are only around 10-15% higher than air-conditioners (AC). So already replacing retiring NG furnace or AC with an HPSC makes economic sense. Mandating new homes to be all-electric and incentivizing homes with AC and NG furnace to switch to HPSC will help bring down the installation cost of HPSC, due to economies of scale. Greater customer adoption will require larger outreach and education to consumers, building contractors, plumbers and technicians and developing regional partnerships that set market adoption targets, standards-setting, or performance goals in heat pumps.
Redwood Energy has led the design of more than 20,000 units of Zero Net Energy, all-electric affordable housing, and 200 all-electric market rate residences.
