New York, NY
Electrification ROI based on Con Edison rates and local rebates
Population: 8,336,000•Climate: cold•Electric: $0.215/kWh•Gas: $1.45/therm
Best Upgrade
Solar Panels
4.7 years • 146% ROI
Annual Savings
$2,687/year
Full electrification
Total Incentives
$25,150
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
Con Edison rebate:-$2,500
City/state incentives:-$4,000
Net cost:$3,500 - $9,500
Savings & ROI
Annual savings:$67/year
Simple payback:Not Recommended
15-year ROI:-93%
CO₂ reduction:0.5 tons/year
15-year net savings:$-13,992
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:$1,695/year
Simple payback:4.7 years
25-year ROI:146%
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:-$3,750
City/state incentives:-$11,000
Net cost:$5,150 - $19,850
Savings & ROI
Annual savings:$2,687/year
Simple payback:5.0 years
15-year ROI:13%
Total CO₂ reduction:10.3 tons/year
15-year net savings:$2,652
New York Energy Context
Climate & Usage
Climate zone:cold
Heating degree days:4,950
Cooling degree days:1,150
Avg home size:1,600 sq ft
Energy Costs
Utility provider:Con Edison
Electricity rate:$0.215/kWh
Natural gas rate:$1.45/therm
Avg monthly bills:$185 elec + $82 gas
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