The Future is Electric: Part II
Commissioned by New Jersey Conservation Foundation, this report outlines the fact that New Jerseyans in an average insulated gas-heated home can save anywhere from 4% to 41% on their annual energy bills by adopting highly efficient electric appliances such as heat pumps depending on utility service territory, and up to 69% in a typical drafty home if paired with weatherization.
Based on winter 2022-2023 utility rates, Acadia Center analysts found that New Jerseyans who live in poorly insulated gas homes can save $1,550 to $3,240 each year, a range of 47% to 69% savings on annual energy bills depending on service territory, by investing in electrification and weatherization.
Acadia Center NJ Future is Electric Part II Report
Acadia Center’s Findings and Recommendations for the Third RGGI Program Review
To learn more about Acadia Center’s Findings and Recommendations for the Third Program Review of the Regional Greenhouse Gas Initiative, you can download the full report, FAQs, and press release below.
RGGI states will be providing public comment and listening opportunities in the coming months. Acadia Center will be offering a webinar on April 11, 2023, at noon (EST) to provide information from our RGGI Report that can be used in commenting to RGGI states in the public processes they will be starting soon. If you would like to register for this webinar, please do so here.
Media Contact:
Amy Boyd
Vice President, Climate and Clean Energy Policy
617-742-0054 x102; 940-367-4992 cell
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New England’s Winter Electricity Challenges Call for a Clean Energy Solution
Accelerating Energy Justice in Building Decarbonization
The Northeast must seize the opportunity to dramatically reduce residential emissions and advance energy justice goals. The reason is simple: the 25% highest-emitting homes account for more than half of residential emissions in every New England state. Acadia Center outlines key strategies for targeting super-emitting homes for comprehensive retrofits, which can help states reach their greenhouse gas reduction targets while reducing energy burdens and fostering energy justice.
The Future Is Electric
In this report, Acadia Center confirms that electrifying the building sector and weatherizing homes is beneficial to all New Jerseyans. It makes buildings healthier and safer while greatly reducing greenhouse gas emissions in the state and saving money on energy bills. Commissioned by New Jersey Conservation Foundation, the report outlines the fact that while New Jersey is making strides toward clean energy, much more is possible. “The Future is Electric,” authored by Director of Policy, Amy Boyd, and Ben Butterworth, Senior Manager, Climate and Energy Analysis shows that, when combined with weatherization, New Jerseyans will save money and improve local health by electrifying their homes.
RESPECT – Reforming Energy System Planning for Equity and Climate Transformation
View the webinar on Acadia Center’s RESPECT proposal here, and watch our 10 minute RESPECT Q&A with authors Amy Boyd and Oliver Tully below.
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