Buffalo, NY
Electrification ROI based on National Grid rates and local rebates
Population: 276,000•Climate: cold•Electric: $0.152/kWh•Gas: $1.12/therm
Best Upgrade
Solar Panels
6.7 years • 74% ROI
Annual Savings
$2,383/year
Full electrification
Total Incentives
$24,400
Federal + utility rebates
Visual ROI Analysis
Payback Period Comparison
Lower is better • Shortest payback = fastest return on investment
Annual Savings Comparison
Higher is better • More annual savings = greater long-term benefit
Cumulative Net Savings Over Time
Point where line crosses $0 = payback achieved • Steeper line = faster savings growth
Detailed ROI by Upgrade
Heat Pump HVAC System
Replace gas furnace + AC with an all-electric heat pump
🌡️
Costs
Upfront cost:$12,000 - $18,000
Federal tax credit:-$2,000
National Grid rebate:-$2,000
City/state incentives:-$4,000
Net cost:$4,000 - $10,000
Savings & ROI
Annual savings:$15/year
Simple payback:Not Recommended
15-year ROI:-98%
CO₂ reduction:0.7 tons/year
15-year net savings:$-14,778
Solar Panels (6kW System)
Generate your own electricity from the sun
☀️
Costs
Upfront cost:$15,000 - $21,000
Federal tax credit (30%):-$5,400
City/state incentives:-$5,000
Net cost:$4,600 - $10,600
Savings & ROI
Annual savings:$1,198/year
Simple payback:6.7 years
25-year ROI:74%
CO₂ reduction:3.6 tons/year
Full Electrification Package
Heat pump + Solar + Heat pump water heater + EV charger
⚡
Costs
Total upfront cost:$30,300 - $45,000
Total federal credits:-$10,400
Total utility rebates:-$3,000
City/state incentives:-$11,000
Net cost:$5,900 - $20,600
Savings & ROI
Annual savings:$2,383/year
Simple payback:5.9 years
15-year ROI:1%
Total CO₂ reduction:10.5 tons/year
15-year net savings:$-1,909
Buffalo Energy Context
Climate & Usage
Climate zone:cold
Heating degree days:6,950
Cooling degree days:650
Avg home size:1,850 sq ft
Energy Costs
Utility provider:National Grid
Electricity rate:$0.152/kWh
Natural gas rate:$1.12/therm
Avg monthly bills:$145 elec + $95 gas
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