18 Mar 2024

Electrification of houses saves money, even on finance

From Nine To Noon, 9:05 am on 18 March 2024
Electrifying all aspects of a home - vehicle and appliances - brings savings, even with the upfront cost.

Photo: Supplied

A house that moves to being fully electric - with solar panels and an electric vehicle, even with the cost of finance can save thousands of dollars a year compared to the fossil fuel equivalent. 

Rewiring Aotearoa - a non-profit organisation making the case for electrification of homes, businesses and communities - has today put out its Electric Homes report.

It says New Zealand is likely one of the first countries in the world to have reached a point where electrification delivers both cost and emissions savings. 

That's because of New Zealand's highly renewable grid - just over 90 percent of all electricity generation came from renewables like wind, solar and hydro in the final quarter of 2023.

That means emissions drop when we use electricity instead of fossil fuels. 

Mike Casey is the chief executive of Rewiring Aotearoa. He's also known for his fully electric cherry orchard in Central Otago. 

A graph from Rewiring Aotearoa's Electric Homes report.

Photo: Supplied