A new analysis by Rewiring America shows that transitioning to 100 percent clean energy through electrification would save Massachusetts as much as $7.1 billion in energy costs each year while dramatically reducing economy-wide greenhouse gas emissions.
The Rewiring America Report, “No Place Like Home : Massachusetts. Saving money and creating jobs by electrifying America’s households.” by Drs. Saul Griffith and Sam Calisch, finds that savings would mean up to $2,607 per year in savings to each Massachusetts household’s energy bills, according to the report. The report builds on an earlier analysis by Rewiring America that shows that clean energy electrification could create 25 million new jobs and save Americans $321 billion in total. Every zip code in the state would see employment gains.
Today the average Massachusetts household spends approximately $4,528 per year on heating and cooling the home, generating hot water, and driving cars. Transitioning away from fossil fuels and electrifying the Massachusetts economy – replacing old fossil fuel-based machines with electric versions at every opportunity, and switching our electricity generation from dirty sources such as coal to clean ones such as rooftop solar – would provide significant savings to every Bay Stater.
“As Bay Staters continue to struggle to make ends meet, this analysis provides an exciting and desperately needed roadmap for a brighter future,” said Adam Zurofsky, executive director of Rewiring America.“If we do it right, electrifying the Massachusetts household presents a unique opportunity to create jobs, save families money, and dramatically slash harmful emissions in the process.”
Rewiring America is a nonprofit coalition of engineers, entrepreneurs, and volunteers focused on rejuvenating the economy and addressing climate change by electrifying everything.