Is it expensive to electrify my home?

It could be expensive to switch your home completely to electric heating and appliances. But we suggest a more gradual approach, taking one system or appliance at a time. First, installing a heat pump system costs more than a gas or propane furnace, but the heat pump also provides cooling. The heat pump system costs about the same as the total for a gas or propane furnace combined with a central air conditioning system. Next, a heat pump water heater costs slightly more than a natural gas or propane water heater, but there are utility rebates available in many areas. An induction cooktop/electric range costs slightly more than an equivalent gas cooktop/range, but performs better and produces no harmful air pollutants. To reduce your annual electricity costs, you could also consider adding a solar PV system, or purchasing some of your home’s electricity from a solar garden. And you can apply for a loan to finance all of the above electric conversions.

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Love Electric aims to accelerate the adoption of heat pumps, heat pump water heaters, and other efficient electric technologies in homes and businesses across Colorado, to lower consumer energy costs, reduce greenhouse gas emissions, and provide improved health, comfort and other benefits. Love Electric is an initiative of the Beneficial Electrification League of Colorado (BEL-CO).

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