NZ at ‘electrification tipping point’

New Zealand is one of the world’s first countries to reach the “electrification tipping point”.

That’s where households can save money and also significantly reduce their emissions by electrifying their appliances and vehicles, says Rewiring Aotearoa.

  Its Electric Homes Report shows on average homes using gas appliances and petrol vehicles could save around $1500 annually at current interest rates and about $4500 per year with a low-interest loan if they bought electric equivalents and got their electricity from a combination of rooftop solar, home battery and New Zealand’s already highly renewable grid.